Morgan Stanley’s Gorman Warns Against Cutting Rates ‘Too Easily’
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James Gorman has a note of caution for the Federal Reserve in the midst of its interest-rate reductions.
“The problem with cutting is it’s one of the few tools you’ve got,” Morgan Stanley’s chief executive officer said in a Bloomberg Television interview Tuesday, adding that he supports the reductions made so far. “So if you give it away too easily, what do you have if we have a real problem?”