'Something could break': The Fed risks recession, bank failures if it doesn't cut rates soon, economist Mark Zandi says

'Something could break': The Fed risks recession, bank failures if it doesn't cut rates soon, economist Mark Zandi says

Reuters

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.

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