According to BlockBeats, on September 18, Jeremy Siegel, a professor at the Wharton School of Business known as the “Godfather of the Stock Market,” wrote an article saying that the Federal Reserve should consider a larger interest rate cut, otherwise it will face the risk of economic recession.
Siegel believes in the article that most economic models show that Powell should choose the federal funds rate level that best suits economic conditions, rather than focusing on the speed of rate cuts from a very restrictive level. (Jinshi)
