Billionaire Investor: Cutting Rate is “Screwing the Savers”
September 20, 2019 at 10:41 AM EDT
At the Delivering Alpha conference, Billionaire investor Leon Cooperman said the latest central bank move is “screwing the savers” as the Federal Reserve followed up their July rate cut with another quarter-point rate cut on Wednesday. “I side with the two Fed governors that were against cutting...