"Big Short" prototype Steve Eisman: Discussing interest rate cuts is meaningless when the economy is not in decline

ChainCatcher news, in an interview with CNBC, Steve Eisman, the prototype character of Mark Baum in the movie "The Big Short," stated that 70% of the U.S. economy is driven by consumers. Currently, consumption still appears strong, consumers still have savings and are willing to spend. With healthy consumer spending supporting it, the U.S. economy looks robust. Therefore, considering the idea of a collapse or recession before weak economic data starts to appear is meaningless. It would be better if the Federal Reserve keeps interest rates at current levels, as lowering rates could lead to a resurgence of inflation.