'Something could break': The Fed risks recession, bank failures if it doesn't cut rates soon, economist Mark Zandi says

Reuters

• The Fed risks "breaking" something in the economy if it delays rate cuts, according to Moody's Mark Zandi.
• Higher interest rates raise the odds of recession or bank failures, the economist warned.
• "If I were king for the day, I would really be cutting rates at this point," Zandi told Yahoo Finance.

The Federal Reserve would be better off cutting interest rates as soon as possible, as there...