• Wharton’s Jeremy Siegel calls for a 75 basis point emergency cut to the Federal Reserve’s interest rates.
• Siegel recommends a second 75 basis point cut at the Fed’s September meeting to stimulate growth.
• Former Kansas City Fed President Thomas Hoenig suggests CPI data could justify an interim rate cut.

Wharton School Professor Jeremy Siegel has made a bold call for substantial cuts to the Federal Reserve’s interest rates. Siegel suggests an emergency cut of 75 basis points in the Fed funds rate, followed by another 75 basis point cut at the September meeting.

He believes these aggressive cuts are essential to stabilize the economy and promote growth. His proposal highlights the urgency of the current economic situation and the need for decisive action.

Siegel’s proposal comes as the economy faces heightened uncertainty. Many economic indicators suggest potential slowd…

The post Wharton Prof’s Bold Call: 1.5% Fed Rate Cuts Needed Now appeared first on Coin Edition.

• Wharton’s Jeremy Siegel calls for a 75 basis point emergency cut to the Federal Reserve’s interest rates.
• Siegel recommends a second 75 basis point cut at the Fed’s September meeting to stimulate growth.
• Former Kansas City Fed President Thomas Hoenig suggests CPI data could justify an interim rate cut.

Wharton School Professor Jeremy Siegel has made a bold call for substantial cuts to the Federal Reserve’s interest rates. Siegel suggests an emergency cut of 75 basis points in the Fed funds rate, followed by another 75 basis point cut at the September meeting.

He believes these aggressive cuts are essential to stabilize the economy and promote growth. His proposal highlights the urgency of the current economic situation and the need for decisive action.

Siegel’s proposal comes as the economy faces heightened uncertainty. Many economic indicators suggest potential slowd…

The post Wharton Prof’s Bold Call: 1.5% Fed Rate Cuts Needed Now appeared first on Coin Edition.