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☆ Rate cuts are a double edged sword for Kamala Harris
  + stars: | 2024-09-19 | by ( Alice Tecotzky | ) www.businessinsider.com   time to read: +6 min
As former President Donald Trump insists that the rate cut was fueled by partisan politics, Harris has to thread the needle with her rhetoric, experts told Business Insider. Celebrate the rate cut and she risks fueling Trump's narrative; ignore the rate cut and she doesn't get to claim a desperately needed economic victory. "This is a double edged one for Harris," Mark Blyth, a political economist at Brown University, said. Advertisement"On the other hand, Vice President Harris is running to be president of the same economy that the Federal Reserve is managing," Tedeschi told Business Insider. But Blyth remains skeptical that the rate cut will have a lasting impact in an election that's been defined by volatility.
Persons: Kamala Harris, Donald Trump, Harris, doesn't, Mark Blyth, Joe Biden's, Ernie Tedeschi, Mike Johnson, Tedeschi, Powell, Trump, Blyth, people's, they've, Danny Hayes, Thursday Harris, Dow Organizations: Service, Federal Reserve, Brown University, Yale Budget, Republicans, Wall Street Journal, Trump, Blyth, George Washington University, Business
☆ 'The old UK growth model is dead': What a long-term weak pound means for Britain
  + stars: | 2022-11-07 | by ( Jenni Reid | ) www.cnbc.com   time to read: +5 min
watch nowA historically weaker pound on a medium- to long-term basis has a variety of impacts on the U.K. more broadly, economists told CNBC. But, Portes said, the weaker pound is not in itself an issue for the fiscal planning the government is currently doing, with a much-anticipated budget due Nov. 17. 'Growth model is dead'According to Blyth, beyond the pain suffered by households, the higher prices caused by a weaker currency will have deeper and longer-lasting effects. The potential upside to exports was negated by Brexit, he said, pointing out that the U.K. economy had declined from 90% to 70% of the size of Germany's since the 2016 vote. It means that the old U.K. growth model is dead," Blyth continued.
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