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 Dow Tumbles 760 Points as Market Reacts to Recession Worries READ MORE Inflation Has Shifted How Everyday Americans View the Economy READ MORE Dollar Gains as Market Awaits Fed Minutes; Pound Steady on Inflation Data READ MORE U.S. Credit Card Debt Hits Record $1.14 Trillion READ MORE Modest Inflation Increase Won't Derail Fed's Easing Strategy READ MORE Add a Comment Cancel replyYour email address will not be published.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