According to BlockBeats, following the Federal Reserve's decision to cut interest rates on Wednesday, Steve Eisman, the inspiration behind 'The Big Short,' shared his views in an interview with CNBC. Eisman expressed skepticism about the longevity of the current rate-cutting cycle, suggesting that the Federal Reserve might reduce rates by a total of 100 basis points before halting further cuts.
Eisman believes that the recent and anticipated rate cuts by the Federal Reserve are largely insignificant. In his opinion, these measures are merely minor adjustments to an essentially robust and healthy economy.