‘Big Short’ Investor Says Interest Rate Cuts Would Be a Waste Now, Praises Fed for Engineering Soft Landing

Investor Steve Eisman, who took short positions against the housing market leading up to the 2008 crisis, believes that it would be ill-advised for the Fed to start cutting interest rates. In a new CNBC interview, Eisman says the US economy looks solid on the back of healthy consumer spending. According to the “Big Short”...