Siegel No longer supports emergency rate cut
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Federal ReserveCNBC
•Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut
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 .
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