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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Big Short' investor Steve Eisman: Deep down Fed's Powell is 'petrified' of redoing Volcker againSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss the state of the economy, the hot jobs data and impact on the Fed's rate path decision, latest market trends, and more.
Persons: Steve Eisman, Fed's Powell, redoing Volcker, Neuberger Berman
The Fed shouldn't waste rate cuts right now and risk a resurgence of inflation, "Big Short" investor Steven Eisman said. AdvertisementThe US economy is healthy, which means the Fed shouldn't needlessly cut rates, "The Big Short" investor Steven Eisman said. AdvertisementBut Eisman thinks there's no need for the Fed to cut rates without a significant negative data point. GDP, jobs, and inflation data have all been strong in the past few months. The commercial real estate sector seems to be crumbling, but the office market crash at the center of those gyrations is not big enough to knock down the economy, Eisman said.
Persons: Steven Eisman, , Powell, redoing Volcker, Eisman, Jerome Powell, Powell's hawkish, It's Organizations: Service, CNBC, Bank of America, Fed
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