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 2024 U.S. Election: A Turning Point for Gold and Other Key Commodities READ MORE Central Banks Fuel Gold's Ascent to Unprecedented Levels READ MORE Fed Leaves Rates Steady, Projects Fewer Cuts in 2024 Amid Slower Inflation READ MORE Silver's Structural Deficit: What It Means for Your Portfolio | Alan Hibbard READ MORE SILVER ALERT: Could This Mexican Law Change Cause a Supply Crunch? READ MORE Add a Comment Cancel replyYour email address will not be published.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