Found 37 article(s) for author 'Federal Reserve'

The Case for Pausing the Interest-Rate Climb

The Case for Pausing the Interest-Rate Climb. Jason Furman, November 27, 2018, Opinion, “The Federal Reserve has done an outstanding job fulfilling its dual mandate of maximum employment and price stability. To keep the economy in this happy Goldilocks position, the Fed should hold off on raising rates at its December meeting and consider incoming data before deciding when—or even whether—to resume tightening.Link

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Raise Rates Today to Fight a Recession Tomorrow

Raise Rates Today to Fight a Recession Tomorrow. Martin Feldstein, November 26, 2018, Opinion, “Federal Reserve Chairman Jerome Powell will lay out a vision Wednesday for the course the Fed will steer through coming economic turbulence. So far, the Fed’s governors have appeared committed to their plan to continue raising interest rates, which they began in late 2015 after nearly a decade of holding them near zero. The federal-funds rate has jumped from 0.3% in January 2016 to 2.2% today, and the median forecast of the Federal Open Market Committee is that it will reach 3.4% by the end of 2021.Link

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Fed needs to be mindful of lags between monetary policy and real economy

Fed needs to be mindful of lags between monetary policy and real economy. Lawrence Summers, October 5, 2018, Video, “Lawrence Summers, former Treasury secretary under President Bill Clinton and Harvard University president emeritus, joins ‘Squawk on the Street’ to discuss where the Fed’s mindset is on interest rates, inflationary pressures and the biggest economic risks.Link

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‘Excessively High’ Equity Prices Are Biggest Risk

‘Excessively High’ Equity Prices Are Biggest Risk.  Martin Feldstein, August 24, 2018, Video, “Martin Feldstein, National Bureau of Economic Research chairman emeritus and a Harvard University economist, discusses the outlook for Federal Reserve monetary policy with Bloomberg’s Mike McKee at the Fed’s annual symposium in Jackson Hole, Wyoming.Link

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Save Low Interest for a Rainy Day

Save Low Interest for a Rainy Day. Martin Feldstein, July 26, 2018, Opinion, “President Trump told a national television audience last week that he disapproves of the Federal Reserve’s decision to continue raising short-term interest rates. He later repeated his concern in a series of tweets. In complaining publicly about the Fed, Mr. Trump is breaking decades of presidential precedent, and he is wrong on the substance. The Fed actually is behind the curve in normalizing short-term interest rates, and it should now raise the federal-funds rate at least four times a year.Link

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Kenneth Rogoff on Growth, Inequality, Financial Crises, and the Future of Money

Kenneth Rogoff on Growth, Inequality, Financial Crises, and the Future of Money April 2018. GrowthPolicy’s Devjani Roy interviewed Kenneth Rogoff, Professor of Economics and Thomas D. Cabot Professor of Public Policy at Harvard University on Growth, Inequality, Financial Crises, and the Future of Money. | Click here for more interviews like this one. Links: Kenneth Rogoff’s […]

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