Billionaire Chamath Palihapitiya Says Fed Under Pressure To Aggressively Cut Interest Rates – Here’s Why

Billionaire venture capitalist Chamath Palihapitiya says economic conditions will force Fed Chair Jerome Powell to cut rates more than once. In a new episode of the All-In Podcast, Palihapitiya says he expects the economy to shrink based on data that Americans have spent all their savings. According to the Social Capital CEO, people relying on […] source: https://dailyhodl.com/2024/06/16/billionaire-chamath-palihapitiya-says-fed-under-pressure-to-aggressively-cut-interest-rates-heres-why/