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Mark Higgins - 2 Higgins - 2 Paul Volcker - 1 Volcker - 1 Jerome Powell - 1 William McChesney Martin - 1
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Fund - 2 CNBC - 1 Fed - 1 Bank - 1 Federal Reserve - 1 Finance - 1

Search resuls for: "Mark Higgins"


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☆ The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past
  + stars: | 2024-04-10 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +2 min
watch nowThe risks of allowing inflation to persist still far outweighs the risk of triggering a recession. Mark Higgins author of "Investing in U.S. Financial History: Understanding the Past to Forecast the Future." This time around, the central bank is likely to remain extremely cautious, Higgins said, even if that means holding rates higher for longer. The Fed's 'two major mistakes'"The Fed has made two major mistakes in its history," according to Higgins, and those two missteps still influence the central bank's moves today. Indeed, Volcker was able to ultimately break inflation, but shockingly high interest rates also brought the economy to its knees (and the housing market to a standstill).
Persons: Mark Higgins, Higgins, Paul Volcker, Volcker Organizations: Fund, CNBC, Fed
☆ 'The Fed has made two major mistakes in its history,' expert says. Here’s how those impact policy today
  + stars: | 2024-03-25 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +1 min
Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC. Slowly but surely, recessionary talk is dying down and confidence in the Federal Reserve is picking up. Chairman Jerome Powell indicated that with the economy still growing at a healthy pace and unemployment below 4%, the Fed can take a more measured approach when loosening monetary policy. More from Personal Finance:Here's when the Fed is likely to start cutting interest ratesNearly half of young adults have 'money dysmorphia'Deflation: Here's where prices fellMonetary policy is a balancing act, Higgins explained. At least, that is how it has played out in the past, he said.
Persons: Jerome Powell, William McChesney Martin, Mark Higgins, Higgins Organizations: Bank, Federal Reserve, Fund, Finance Locations: Washington ,
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