Bill Dudley, Columnist

The Fed Should Go Big Now. I Think It Will.

An aggressive 50-basis-point reduction in interest rates makes sense.

September 16, 2024 at 10:30 AM UTC

Bill Dudley is a Bloomberg Opinion columnist. A former president of the Federal Reserve Bank of New York, he is a member of Coinbase Global's advisory council.

Bill Dudley: The Fed Should Cut Rates by 50 Points

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The US Federal Reserve faces a crucial decision at its policy-making meeting this week: Ease off slightly on monetary restraint with a 25-basis-point interest-rate cut, or go for a rare 50-basis-point cut to fend off a recession.

What should it do, and what will it do? The answers to these two questions don’t necessarily have to be the same. But this time around, I think they will be.