Professor Siegel has written and lectured extensively about the economy and financial markets and is a regular contributor to the financial news media. In 1994, he received the highest teaching rating in a ranking of business school professors conducted by BusinessWeek magazine. His book Stocks for the Long Run was named by The Washington Post as one of the 10 best investment books of all time. His latest book, The Future for Investors, is a bestseller.
Lower rates are coming, says the well known permabull, but 2024’s stock surge will be muted in 2025.
The debate about the upcoming Fed meeting centers around whether it will cut the funds rate by 25 or 50 basis points. But that may not be enough.
Siegel no longer thinks it's vital for an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively.
“Obviously, I wanted to shake things up,” Siegel said of his call for an intermeeting move. “There’s no way he’s going to do that without things falling apart. I don’t think things are falling apart. But by all criteria and all monetary rules … they should be under 4%.” – CNBC
“I no longer certainly think it’s necessary. But I want [Powell] to move down to 4% as fast as possible,” Siegel said during a phone interview. “Would it be bad? No. But would it be necessary? No, not at this time.” – CNBC
“These past two years, stock market returns have been way above average: The danger here is that people think that this is the new normal,” – Forbes