2024

Squawk

<a href="https://bitcoinworld.co.in/wharton-professor-urges-emergency-0-75-fed-rate-cut-now/" title="Wharton Professor Urges Emergency 0.75% FED Rate Cut Now!" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Wharton’s Jeremy Siegel urges the FED rate cut by 0.75% and another 0.75% in September.</li>
 <li style="font-weight: 400">Siegel believes these aggressive cuts will stimulate consumer spending and business investment, aiming to avert a recession.</li>
</ul>
Wharton professor and famous economist Jeremy Siegel implored the Fed rate cut aggressively now: “I’m calling for a 75 basis point emergency cut in the Fed funds rate, with another 75 basis point cut indicated for next month at the September meeting.”
<h3 id="span-style-font-weight-400-wharton-professor-urges-emergency-0-75-fed-rate-cut-now-span">Wharton Professor Urges Emergency 0.75% FED Rate Cut Now!</h3>
Siegel’s <a href="https://twitter.com/SquawkCNBC/status/1820420112895074315?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1820420112895074315%7Ctwgr%5E47368f82277ee4055dee253b652e004a4678aedc%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoincu.com%2F270935-wharton-professor-urges-0-75-fed-rate-cut-now%2F" rel="noopener noreferrer nofollow">call</a> comes at a time of increasing economic uncertainty, inflationary pressures, and market volatility, which are keeping investors and policymakers awake at night.&nbsp;
The professor’s recommendations that some resolute action be taken toward stabilizing the economy and boosting confidence in the financial system come at a very good time.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 "I'm calling for a 75 basis point emergency cut in the Fed funds rate, with another 75 basis point cut indicated for next month at the September meeting – and that's minimum," says Wharton's Jeremy Siegel: <a href="https://t.co/s4CgWx962Q" rel="noopener noreferrer nofollow">pic.twitter.com/s4CgWx962Q</a>
 — Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1820420112895074315?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 5, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h3 id="span-style-font-weight-400-siegel-s-urgent-call-75-basis-point-fed-rate-cut-now-span">Siegel’s Urgent Call 75 Basis Point Fed Rate Cut Now</h3>
Cuts of 1.5% points over two months will give real impetus to activity. If the reduced cost of borrowing increases consumer spending and business spending, as Siegel feels, that would dampen the risk of a recession.&nbsp;
He said the aggressive measure was required to offset the current headwinds in the economy and boost a more full-blowout recovery.
Critics warn that an aggressive rate cut can lead to spillover effects, asset bubbles, and financial instability. They urge a more cautious approach so that while the need for economic support is met, the economy is not overstimulated.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Wharton Professor Urges Emergency 0.75% FED Rate Cut Now!

Table of Contents

ItsBitcoinWorld

Other articles published on Aug 5, 2024

Bitcoin RSI Goes Bearish For The First Time Since August 2023, Will It Crash Below $40,000?

Bitcoin Experiences Sharp Decline to $52,500

Bitcoin Price Plummets Below $53,000 – Reasons for the Meltdown

Core Foundation Launches Dual Staking to Enhance Bitcoin Yields

Mars Explores $30 Billion Acquisition of Kellanova (K), Stock Surges

Paradigm-backed tokens showed some VC assets still outperform

Join our free newsletter for daily crypto updates!