Wharton Professor Urges Fed to Consider Larger Rate Cuts to Avoid Recession

According to BlockBeats, on September 18, Wharton School professor Jeremy Siegel, often referred to as the 'Godfather of Stocks,' expressed his views in a recent article, urging the Federal Reserve to consider more substantial interest rate cuts to mitigate the risk of an economic recession. Siegel argued that most economic models indicate that Federal Reserve Chairman Jerome Powell should focus on setting the federal funds rate at a level that aligns with the current economic conditions, rather than concentrating on the pace of reducing rates from highly restrictive levels.