- Shift Into High-Quality Stocks Could Move Market Higher
- Military Arms Race Dominates Dubai Air Show
- China: Low US Interest Rates Threaten Recovery
- Cramer: 5 Earnings Reports to Watch Next Week
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Cities With the Most Home Price Reductions
- This Year's Biggest Thanksgiving Leftover: Cash
- Oil Next Week: What Traders Will Be Watching
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
MOST SHARED
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- China's Role as Lender Alters Dynamics for United States
- Israel Going Green
Text Size 
The Federal Reserve will unveil its decision on interest rates Wednesday afternoon, and a cut is widely expected by investors. CNBC asked former Federal Reserve officials to weigh in on the upcoming decision.
Rate Cut: Do We Even Need One?
“I don’t think they even need to cut, however, I think the market reaction to not cutting or even cutting a quarter point would be unnecessary to endure.”
Bob McTeer, Former Dallas Fed President
The Case for a Rate Cut
“Every further cut in the funds rate at the margin helps. This is an economy that’s weakening very sharply, likely to fall at a pretty good clip in the fourth quarter (and) be weak through next year. Further easing is in order; I think we go 50 basis points, and I think they leave the door open for even further cuts.”
Laurence Meyer, Former Federal Reserve Governor
More news from CNBC.com:
- Investors Expect Rate Cut But Differ on How Much
- Congress and Wall Street Set to Clash Over Bonuses
- Fast Money: Are Global Recession Fears Overblown?
Print
Email
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
- A wealthy, distracted Texas driver crashed his million-dollar Bugatti Veyron sports car into a salt marsh, say police.
Data is a real-time snapshot *Data is delayed at least 15 minutes