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Fortune

Eleanor Pringle

Famed economist Ed Yardeni predicts it'll be 'one and done' for Fed rate cuts despite Wall Street expectations

Ed Yardeni Jeremy Siegel Jerome Powell CNBC United States US Federal Reserve Yardeni Research

Ed Yardeni, President and Chief Investment Strategist of Yardeni Research (Credit: Adam Jeffery/CNBC/NBCU Photo Bank - Getty Images)

While many analysts anticipate multiple rate cuts this year, famed economist Ed Yardeni has a different outlook.

Yardeni, president of Yardeni Research, believes Jerome Powell and the Federal Open Market Committee will implement just one modest rate cut.

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