CNBC commentator: Bank bad debts may prompt the Federal Reserve to cut interest rates sooner

ChainCatcher news, according to Jinshi reports, as news of bank bad debts impacts Wall Street, CNBC financial commentator Cramer stated that this latest situation will pave the way for the Federal Reserve to cut interest rates. He pointed out that bad loans are an early warning sign indicating that it is time for the central bank to ease monetary policy. On Thursday, U.S. stock indices generally fell as investors' concerns about the health of regional banks' lending operations intensified. Cramer emphasized that lower borrowing rates can not only stimulate the economy but also make it easier for borrowers to avoid default.