Bloomberg Markets: Cumberland's Kotok Finds the Fed's Emergency Rate Cut Worrisome

March 3rd, 2020

David Kotok, Cumberland Advisors chief investment officer, reacts to the Federal Open Market Committee's decision to lower the target range for the federal funds rate by a half-percentage point. He speaks with Bloomberg's Romaine Bostick and Scarlet Fu on "Bloomberg Markets: The Close."

"What is the Fed seeing that other's may not be seeing? And what is it so severe as to cause them a reaction function that seems extreme that won't even wait two weeks for a meeting?"

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