Wharton's Siegel Urges Fed to Slash Rates by 150 Basis Points Jeremy Siegel, a professor at the Wharton School, is advocating for aggressive interest rate cuts by the Federal Reserve. He suggests an immediate 75 basis point emergency cut, followed by another 75 basis point reduction at the September meeting. Siegel argues that the target federal funds rate should be between 3.5% and 4%, significantly lower than the current 5.25% to 5.5% range. This recommendation comes in response to current economic conditions and suggests a dramatic shift in monetary policy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Road to $3,000 Gold: Citi Analysts Eye Central Bank Moves and Global Economic Trends READ MORE Record Gold Rally Hits Pause as U.S. Treasury Yields Climb READ MORE Federal Reserve Signals Economic Pivot with Anticipated Rate Reduction READ MORE Bank of America Predicts Silver Prices to Hit $35/oz by 2026 READ MORE Gold Prices Plunge as Middle East Tensions Ease and Fed Maintains Higher Rates READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment