Eisman predicts that Fed rate cuts have limited impact

Steve Eisman, the author of Big Shorts, shared his views in an interview with CNBC after the Fed announced a rate cut on Wednesday. Eisman expressed doubts about the duration of the current rate cut cycle and suggested that the Fed could cut a total of 100 basis points before stopping further rate cuts. Eisman believes that the Fed's recent and expected rate cuts are basically insignificant. In his opinion, these measures are just a small adjustment to an essentially strong and healthy economy.