‘Something could break’: The Fed risks recession, bank failures if it doesn’t cut rates soon, economist Mark Zandi says
May 11, 2024 at 22:52 PM EDT
The Federal Reserve would be better off cutting interest rates as soon as possible, as there are parts of the economy at risk of "breaking" if rates don't come down, according to Mark Zandi, the chief economist of Moody's Analytics. Speaking to Yahoo Finance on Thursday, Zandi warned of the … Source