Do We Need a Rate Cut? Former Fed Officials Weigh In

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

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