Odaily Planet Daily News: Nobel Prize winner in economics Joseph Stiglitz said at a forum in Cernobbio, Italy on Friday, "I have always criticized the Fed for going too far, too fast." He said the Fed should cut interest rates by 50 basis points at its upcoming meeting. He accused the Fed of "going too far, too fast" in tightening monetary policy, exacerbating inflation problems. His remarks came before the release of non-farm payrolls on Friday, and investors are closely watching changes in non-farm payrolls in August for clues on the extent of the Fed's rate cuts this month. Stiglitz, who won the Nobel Prize for his market analysis in 2001, joined the ranks of JPMorgan Chase's chief U.S. economist and called for a sharp rate cut this month. (Jinshi)