Portfolio Manager Jeffrey Rosenkranz Speaks with GOBankingRates on Potential Emergency Fed Rate Cuts
As Jeffrey A. Rosenkranz, Portfolio Manager noted, “An emergency cut would provide little immediate relief for consumers but would, in such a circumstance, “help avoid the wealth destruction that would come with a big correction in stocks or the housing market.”
An emergency cut is “an extraordinary remedy and akin to breaking glass in case of emergency,” he added, noting that such cuts are usually reserved for times of systemic stress, where an injection of calm and stability is warranted, or when significant changes in the economic environment justify not waiting for the next scheduled meeting.
GOBankingRates : 3 Ways an Emergency Fed Rate Cut Could Help Consumers
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