“Why is he putting the burden on these working people, on the employed people, when every other commodity price is going down,” Siegel said passionately.
Siegel expects the Fed to “eventually see the light” as none of their recent predictions are likely to come true.
“I think they’re going to be forced to lower the [interest] rates much more rapidly than they think,” Siegel said, a move that could set up stocks for a potential recovery from their ongoing decline.
