‘It didn’t need to be like this’: Top economist Mohamed El-Erian says the Fed was too slow responding to inflation and now the risk of a recession is ‘uncomfortably high’
Tristan BoveFortuneOctober 17,2022 “We should not be looking at this uncomfortable probability of a recession. But there’s a reason why we’re looking at it. And that is a Federal Reserve that is scrambling to play catch-up,” he said. The U.S. economy may be edging closer to a completely unnecessary recession, according to one top economist, […]
Josh Brown says the Fed has ‘zero credibility’ after big miss on 2022 rate hike forecasts
Josh BrownCNBCOctober 11,2022 Ritholtz Wealth Management CEO Josh Brown said Tuesday that investors should put little weight on the Federal Reserve’s predictions about rate hikes after the central bank’s missteps over the past year. “This is a body of people who one year ago today were telling us, based on their forecasts, that there would […]
The Fed’s Next Crisis Is Brewing in US Treasuries
Robert BurgessBloombergOctober 14,2022 (Bloomberg Opinion) –Markets have been whipsawed in recent weeks, first by talk that a cooling labor market would allow the Federal Reserve to “pivot” away from its aggressive interest-rate hiking campaign, and then by comments from central bankers that any such move would be premature — as Thursday’s hot consumer price index […]
Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history
Sep 23, 2022 2:25 PM PDT Source: by Dow Jones by Joseph Adinolfi Now, Siegel says, workers will pay the price Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime market guru and frequent guest on CNBC unleashed a memorable rant on Friday as U.S. stocks plunged. […]
Wharton professor Jeremy Siegel says most inflation data is coming in below expectations and hawkish Fed is out of step with economic reality
Source: Insider, September 2, 2022 Inflation is improving and the Fed’s hawkish view is at odds with the economy, Jeremy Siegel said. He noted that 26 of 27 inflation indicators have been below expectations in the last month. It could mean the Fed won’t have to raise rates as much as many observers are expecting. […]
Why Inflation Is on the Way Down
The Fed should ask Milton Friedman. When growth of the money supply slows, so does the increase in prices. By Donald L. Luskin WSJ Opinion July 25, 2022 2:04 pm ET The Federal Open Market Committee faces a momentous decision this week, with markets fully expecting a history-making second-in-a-row 0.75-point hike to the federal-funds rate. […]