Fed returning to half-point rate hikes would be 'wrong' move, Wharton's Siegel says

The Federal Reserve should not raise interest rates by 50 basis points at next week's policy meeting, said Jeremy Siegel, pressor emeritus of finance at the University of Pennsylvania Wharton School. "I definitely think that that is the wrong decision," he said on CNBC's "Squawk Box" Thursday. Siegel also called the Fed's focus on worker pay "misguided," nothing that wages have increased less than inflation since the Covid pandemic began.

After chairman Jerome Powell's remarks to Congress Tuesday, the consensus of Wall Street opinion is now that the Fed will raise rates a half a percentage point rather than the quarter point that had previously been expected.

Interest rates are still at historic lows relative to history - I can only assume these folks have limited memory and are okay with these outrageous prices.

Powell must go, stop the pain and suffering

Dude has some patience but can feel his frustration. Too bad the Fed doesn't care about the people they care about the dollar. There is a big difference. The dollar serves the rich, not the people.

When is CNBC going to let me purchase your station à la cart and just stream without TV provider?

Hard to believe people still actually give their hard earned $ to the WS organized crime ring, like you’re actually investing in anything, only to watch it vanish in milliseconds into an algorithmic abyss, degenerate gamblers, better odds at the other casinos.

I think it’s all an illusion and the reason these monopolies are charging as much as they do isn’t inflation but corporate greed. When the elite control food and snack prices they will drag on high prices until a law prevents them or limits prices on them.

Drastic rate cuts are required to lower inflation and boost economy

5 full points is needed

After dropping the increase to Quarter point you have to commend the FederalReserve if they get back on the wrong path so quickly. It puts spending your way out of a recession back on the table for the Biden SecYellen heat up those intaglio printers! tt:lizpeek berthacoombs

JS = too old to be right. See: Joe Biden.

shut the hell up siegel

He's a doddery irrelevant vested interest permabull charlatan clown Perfect guest for your show

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed may need more aggressive interest rate hikes, Powell saysRecent data on inflation, employment, spending and manufacturing show a hotter economy than officials expected, the central bank chair told Congress on Tuesday. The Fed’s next meeting is in two weeks. Oh bull crap Powell. You will kill the economy. You take this .25 or .50 and stop. You can’t see the leading indicators? Still 100's of billions unspent from the Lefts spending spree. The 1 cause of inflation. Eventually it will all come tumbling down. Gaslighting or propaganda?
Source: washingtonpost - 🏆 95. / 72 Read more »

Jerome Powell says Fed will likely speed up interest rate hikes if the economy keeps roaring“The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy,' Federal Reserve Chairman Jerome Powell said while warning lawmakers that it may take time for Americans to see further relief from rising prices. Greed . . . . Not bumpy for Powell, he can afford it, but the rest of us are fucked It’s been said by some very esteemed investors that they will have to destroy the economy to get to 2%. Bidenflation is here to stay until his incompetent policies are reversed!
Source: NBCNews - 🏆 10. / 86 Read more »

Fed chair signals increased interest rate hikes if economy stays strongJerome Powell’s warning of potentially more aggressive moves led some economists to pencil in higher rates for later this year than they had previously estimated.
Source: ladailynews - 🏆 332. / 59 Read more »