Fed Funds Rate

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Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

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Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing … Read more

Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target

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The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited ability to adjust to a … Read more