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Direct: A US investor has doubted that the reduction in US rates could simply solve the problems of the economy.
"I do not think the reduction of interest rates is the solution," Carl Eckahn said in a television commentary Thursday at CNBC. "If it's that simple, you'll never live through these business cycles."
The US billionaire added that it was justified to cut interest rates, but since Europe, which has reduced interest rates to a negative range and compared to their economy, it is unlikely that reducing the cost of borrowing is the solution to this problem.
The US central bank has decided to cut rates for the first time in more than a decade last month, due to the changing global situation and the control of inflation.
"I think the problem of China should be solved, the problem of China not only has implications for the United States, but these negative effects are spreading around the world," Eckahn said.
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