Wharton's Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history - MarketWatch

Jeremy Siegel argued the Fed made a massive policy mistake last year by not moving to tighten monetary policy before inflation got out of hand. He mocked the Fed and Powell for insisting inflation would quickly fade on its own. Siegel said the central bank is making working- and middle-class Americans pay with what he expects will be a punishing recession.
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3 days ago

Wharton's Jeremy Siegel says bottom is in and soft landing can happen

Wharton business school professor Jeremy Siegel said the U.S. Economy can still avoid a recession and another big downturn in stocks. Siegel pointed to the slowdown in the housing sector as proof that the Fed's rate cuts were being effective. The Fed has raised rates by three-quarters of a percentage point at both of its last two meetings, in June and July.
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1 months ago

Stock Market Outlook: Fed Hikes to 4% Will Push Stocks Lower, Says Siegel

US stocks bottomed in June but the market could drop again if the Fed remains overly aggressive, Wharton professor Jeremy Siegel said Tuesday. The Fed has raised the fed funds rate four times this year, bringing it to a range of 2.25%-2.5%, he said. The world's largest economy could find a soft landing if the central bank loosens its grip on money supply, he said.
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1 months ago