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Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

Wharton Professor Calls for Emergency Rate Cut Following Market Downturn


Bitcoin.com
2024-08-06 00:30:08

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


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