Reuters
- The Fed risks "breaking" something in the economy if it delays rate cuts, according to Moody's Mark Zandi.
- Higher interest rates raise the odds of recession or bank failures, the economist warned.
- "If I were king for the day, I would really be cutting rates at this point," Zandi told Yahoo Finance.
The Federal Reserve would be better off cutting interest rates as soon as possible, as there are parts of the economy at risk of "breaking" if rates don't come down, according to Mark Zandi, the chief economist of Moody's Analytics.