Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

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Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing […]

Source: Wharton Professor Calls for Emergency Rate Cut Following Market Downturn