Wharton professor Jeremy Siegel says he's disappointed in the Fed's hypocrisy on inflation, and that Jerome Powell will be cutting interest rates next year

Dec 15 2022 by Business Insider

 

Steve Marcus/Reuters

Wharton professor Jeremy Siegel is not happy with the Fed's hawkishness that was telegraphed at Wednesday's FOMC meeting. Siegel said the Fed is contradicting itself as it focuses on crushing wages that are spiking due to supply side issues.Siegel ultimately expects that the Fed will be cutting interest rates in 2023, not raising them.

Wharton professor Jeremy Siegel called out the Federal Reserve's hypocrisy towards combatting inflation as it telegraphed continued...

Continue Reading Wharton professor Jeremy Siegel says he's disappointed in the Fed's hypocrisy on inflation, and that Jerome Powell will be cutting interest rates next year