Federal Reserve Chairman Jerome Powell appears during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, Nov. 30, 2021.
Andrew Harnik/AP Photo
- BCA Research's Peter Berezin cautioned that Fed rate cuts won't "save the day" from a recession.
- Slowdown trends are showing in multiple markets, he wrote in the Financial Times.
- Investors should snap up bonds in order to prepare for a downturn, he added.
Interest rate cuts have stalled for too...