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Search resuls for: "Arthur Burns"


8 mentions found


☆ Jay Powell wants to be remembered as Paul Volcker not Arthur Burns: Former Fed Governor Kroszner
  + stars: | 2023-11-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJay Powell wants to be remembered as Paul Volcker not Arthur Burns: Former Fed Governor KrosznerRandy Kroszner, former Federal Reserve governor, joins 'Squawk on the Street' to discuss his thoughts on the latest economic data, the Federal Reserve's upcoming playbook, and whether the Fed will weigh the weaker economic data even more.
Persons: Jay Powell, Paul Volcker, Arthur Burns, Kroszner Randy Kroszner Organizations: Former, Federal Reserve, Federal
☆ Eliza Collins — Reporter at The Wall Street Journal
  + stars: | 2023-08-18 | by ( Eliza Collins | ) www.wsj.com   time to read: 1 min
Eliza CollinsEliza Collins is a national political reporter for The Wall Street Journal based in Phoenix. She joined the Journal in 2019 and was based in Washington, where she covered Congress and elections. Her coverage focused on the effects of the war in Ukraine on Europe. Previously, she was a national political reporter focused on the 2020 election. Before joining the Journal, Eliza was a political reporter for USA Today and Politico.
Persons: Eliza Collins Eliza Collins, Eliza, Arthur Burns Organizations: Wall, Journal, USA, Politico Locations: Phoenix, Arizona, Washington, Germany, Ukraine, Europe
☆ The Fed likely won't cut rates this year. Why that's good news for markets
  + stars: | 2023-05-14 | by ( Krystal Hur | ) edition.cnn.com   time to read: +5 min
Although a pause in interest rate hikes appears likely, cuts may be farther off than some believe. Still, investors have remained hyper-alert for signs that the central bank could let up its brisk clip of interest rate increases. The central bank also opened the door to a pause, accelerating bets that the Fed will hold rates steady at its next meeting in June and cut rates as soon as July. The Fed is unlikely to cut rates in JulyExperts say that the Fed won’t cut rates anytime soon for two key reasons: Inflation remains sticky, and the economy has stayed strong. that’s not to say that a Fed rate cut this year is completely out of the cards, says Nicole Webb, senior vice president at Wealth Enhancement Group.
☆ Premarket stocks: The Fed could be on the verge of repeating its 1970s mistake
  + stars: | 2023-05-08 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +6 min
But Gary Richardson, a Federal Reserve historian, is worried policymakers — now contemplating taking a breather — still risk repeating mistakes from that era. A premature retreat could cause the Fed to lose its handle on the situation, presenting even grimmer options down the road. Quick rewind: The chair of the Federal Reserve at the time, Arthur Burns, hiked interest rates dramatically between 1972 and 1974. Inflation later roared back, forcing the hand of Paul Volcker, who took over at the Fed in 1979, Richardson said. But the comparisons reveal the high stakes for the Federal Reserve at a moment of acute uncertainty.
☆ America’s Inflation Antihero Gets a Makeover
  + stars: | 2023-04-21 | by ( Jeanna Smialek | ) www.nytimes.com   time to read: +1 min
The years have not been kind to Arthur Burns, who led the Federal Reserve from 1970 to 1978 and is often remembered as perhaps the worst chair ever to head America’s central bank. Chris Hughes thinks he deserves another look. Mr. Hughes, 39, is a newly accepted doctoral student focused on central bank history at the Wharton School of the University of Pennsylvania. Mr. Hughes then bought and for four years served as publisher of The New Republic, the liberal magazine. As a person who knows something about reinvention, Mr. Hughes thinks Mr. Burns should get one, too.
☆ Fed's Powell says no rate cuts this year, and markets hear it differently
  + stars: | 2023-02-02 | by ( Ann Saphir Lindsay Dunsmuir | Ann Saphir | Lindsay Dunsmuir | ) www.reuters.com   time to read: +6 min
"It's going to take some time" for disinflation to spread through the economy, Powell said in a news conference following the Fed's latest quarter-point interest rate increase. He said he expects a couple more rate hikes still to go, and, "given our outlook, I just I don't see us cutting rates this year." Rate cuts, they expect, will start in September - a view Powell said Wednesday is driven by the expectation of fast-receding inflation. Since the 1990s, the interlude between rate hikes and rate cuts has varied from as long as 18 months in 1997-1998 to as short as five months in 1995. The Fed, Powell said Wednesday, cannot risk doing too little.
☆ Recession 2023: Jerome Powell's Legacy Will Dictate Inflation, Stock Market, Economy
  + stars: | 2023-01-30 | by ( William Edwards | ) www.businessinsider.com   time to read: +15 min
This obsession with controlling inflation — and potentially causing serious pain for average Americans — is driven by one major factor: legacy. High inflation eats away at consumers' purchasing power, and persistent inflation seeps into expectations for price and wage adjustments, which further fuel inflation. What's more, the full impact of the Fed's rate hikes have yet to hit. Legacy actsThere are signs that certain Fed officials are ready to dial back on the inflation fight. And navigating such a tricky economy — without throwing hundreds of thousands of Americans out of work — could cement Powell's legacy.
☆ Reactions: US Sept CPI fortifies hawkish case in Fed inflation battle
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +6 min
FOREX: The dollar index turned 0.44% higherCOMMENTS:KEN POLCARI, MANAGING PARTNER, KACE CAPITAL ADVISORS, BOCA RATON, FLORIDA“Not good, hello – market collapsing. With a 3.5% unemployment rate, there's no way the Fed is going to stop raising rates until after the end of the year." The Fed has got to get a handle on inflation right now. RYAN DETRICK, CHIEF MARKET STRATEGIST, CARSON GROUP, OMAHA“This is a yet another disappointing sign that inflation continues to stay stubbornly high. There are still two more CPI prints before the December meeting with the Fed, but for now, the pivot is on pause.
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