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Eisman said the central bank would be better off just staying put as the economy shows continuing signs of strength and inflation eases.
Famed "Big Short" investor Steve Eisman says recent data provides no reason to cut rates right now.
Inflation is on a rollercoaster descent that could see prices swing higher into 2025, Wei Li warned.
"The worst-case scenario for the Fed would be to actually, I think, cut rates, the economy gets stronger, and inflation comes back," Eisman said.
Most everyone understands the U.S. national debt is not on a long-term sustainable path, but no one seems sure when the breaking point might be for real-world consequences. In a recent "60 Minutes" interview, Federal Reserve Chairman Jerome Powell brought up the elephant in the room, stressing that it's now "time, or past time, to get back to an adult conversation among elected officials about getting the federal government back on a sustainable fiscal path." Frustration and worry were visibly a