DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Michael Bordo - 2 “ - 2 ” - 2 Andrew Bailey - 1 Bailey - 1 don’t - 1 Christine Lagarde - 1 ” Lagarde - 1
Top related locs:
New York
Top related orgs:
New - 2 New York CNN - 2 Center for Monetary - 2 Rutgers University - 2 CNN - 2 ” Bank of England - 1 Federal Reserve - 1 European Central Bank - 1

Search resuls for: "Michael Bordo"


2 mentions found


☆ Why some central banks are rushing to hike rates now
  + stars: | 2023-06-25 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +4 min
Even though inflation is slowing in many countries after more than a year of interest rate hikes, it remains above the 2% level many central banks are targeting. Raising interest rates is the primary tool central bankers have at their disposal to get inflation down. That’s why the Federal Reserve paused interest rate hikes at its June meeting after 10 consecutive hikes since last March. It’s harder for central banks to clamp down on inflation when it becomes sticky, or persistently high. That’s because research shows that inflation, if unaddressed, could become even more sticky and harder for central banks to control with rate hikes.
Persons: Andrew Bailey, Bailey, don’t, Christine Lagarde, ” Lagarde, it’s, Michael Bordo, “, ” Organizations: New, New York CNN, ” Bank of England, Federal Reserve, European Central Bank, Center for Monetary, Rutgers University, CNN Locations: New York
☆ Economists are torn on whether the Fed’s pause will backfire
  + stars: | 2023-06-14 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +3 min
Fed Chair Jerome Powell said the rate hike pause will give officials more time to evaluate the effects rate hikes have had on the economy so far. But he left the door open for the possibility of more rate hikes at future meetings. “Every time they relaxed rates inflation would ratchet up,” said Michael Bordo, an economics professor and director of the Center for Monetary and Financial History at Rutgers University. Many economists agree the Fed is not confronting the extreme dilemma Paul Volcker faced during his time as Fed Chair from 1979 to 1987. The Fed’s pause “doesn’t necessarily have adverse implications for inflation,” he said.
Persons: Jerome Powell, ” Powell, ”, Michael Bordo, Paul Volcker, “, Donald Kohn, Powell, Bordo, George Selgin Organizations: New, New York CNN, Federal, Center for Monetary, Rutgers University, Fed, CNN, Cato Institute Locations: New York
0 next >>
Total: 2