
Fed May Be Forced to Cut Interest Rates, Says Billionaire Chamath Palihapitiya
Economy in Trouble Venture capitalist Chamath Palihapitiya believes the economy is headed for a downturn. He points to data showing that Americans have used up their savings, forcing them to seek jobs. However, Palihapitiya says companies are hesitant to hire due to the Federal Reserve’s (Fed) policy of keeping interest rates high. This is leading…