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Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut

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Summary
Nutrition label

72% Informative

Wharton 's Jeremey Siegel no longer thinks it's vital for an emergency interest rate reduction.

"Would it be bad? No. But would it be necessary? No, not at this time," he said.

Siegel caused a stir Monday when he said Fed Chair Jerome Powell and his colleagues should institute an emergency 0.75 percentage point decrease now and follow it up with another one in September .

VR Score

81

Informative language

85

Neutral language

52

Article tone

informal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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