David Tepper Advises Trust In Federal Reserve's Rate Cut Plans

According to BlockBeats, on September 26, hedge fund legend David Tepper advised investors to trust the Federal Reserve's statements about future rate cuts, emphasizing the importance of the Fed maintaining its credibility. Tepper suggested that the Federal Reserve might need to implement two to three more rate cuts, each by 25 basis points, to avoid losing credibility. He noted that even if the Fed does not cut rates by 50 basis points, they could still take other actions, such as multiple 25 basis point cuts, which he believes are necessary steps. Tepper also mentioned that despite his reservations about the Federal Reserve's actions, he would not short the U.S. stock market solely due to the direct benefits of the Fed's easing policies. However, he expressed a preference for Asian and European stocks over American stocks.