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News Wharton Professor Urges Emergency 0.75% FED Rate Cut Now! 1 min - Around 2 mins mins to read

Key Points:

Wharton’s Jeremy Siegel urges the FED rate cut by 0.75% and another 0.75% in September.

Siegel believes these aggressive cuts will stimulate consumer spending and business investment, aiming to avert a recession.

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.”

Siegel’s call comes at a time of increasing economic uncertainty, inflationary pressures, and market volatility, which are keeping investors and policymakers awake at night. 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.

Read more: Japan’s Nikkei Drop 14%: Worst One-Day Plunge Since 1987!

Siegel’s Urgent Call 75 Basis Point Fed Rate Cut Now

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. 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.

# Federal Reserve fed Fed Rate Cuts Federal Reserve rate cut

Author Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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Wharton Professor Urges Emergency 0.75% FED Rate Cut Now!