Jeremy Siegel Says Emergency Rate Cut No Longer Necessary, Urges Federal Reserve To Swiftly Lower Rates to 4% Amid Market Concerns: 'Powell Has Done Things Way Too Slow'
Jeremy Siegel, a prominent finance professor at the Wharton School, has backtracked on his earlier call for an emergency interest rate cut by the Federal Reserve. However, he is still advocating for a rapid and aggressive rate reduction.