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 How Gen Z's Interest in Gold is Shaping the Market READ MORE Gold Rises on Rate Cut Expectations Before Inflation Data READ MORE Central Bankers Converge at Jackson Hole Amid Rate Cut Speculation READ MORE Gundlach Skeptical of 'Goldilocks' Economy, Foresees Recession READ MORE Gold Climbs as Powell Paves Way for September Rate Cut READ MORE Add a Comment Cancel replyYour email address will not be published.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