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☆ Trump will create 'interesting challenges' for Federal Reserve, says Columbia's Frederic Mishkin
▼ + stars: | 2024-11-08 | 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 EmailTrump will create 'interesting challenges' for Federal Reserve, says Columbia's Frederic MishkinFrederic Mishkin, Columbia University economics professor and former Fed governor, joins CNBC's 'Closing Bell' to discuss expectations for next week's economic data, reactions to the Fed's decision to cut rates by a quarter point, and more.

Persons: Columbia's Frederic Mishkin Frederic Mishkin Organizations: Trump, Federal Reserve, Columbia University, Fed

☆ How news outlets are bracing for an election night cliffhanger
▼ + stars: | 2024-11-03 | by ( Hadas Gold | ) edition.cnn.com time to read: +8 min

As polls show a dead heat between former President Donald Trump and Vice President Kamala Harris in the final days of the race, news outlets are preparing an anxious nation for the likelihood that election night will stretch into an election week. Most major media outlets around the country rely on a handful of organizations to crunch the numbers and make race calls. “We’re also going to be really transparent about why we may not be able to call a race,” Pace said. In 2020, Joe Biden was not declared the winner of the presidential election until Saturday, several days after election night. While Biden went on to carry the state by roughly 10,000 votes, the network came under assault from Trump and his allies, who blasted the right-wing network’s election night projection.

Persons: Donald Trump, Kamala Harris, Julie Pace, ” Pace, Elon Musk, “ We’re, “, Pace, Joe Biden, Trump, ”, David Chalian, ” Chalian, Chalian, Biden, Arnon Mishkin, Axios, ” Mishkin, Scott Tranter, Tranter, ” Tranter, there’s Organizations: New, New York CNN, Associated Press, AP, “, CNN, Trump, Capitol, ” CNN, ABC, CBS, NBC, Edison Research, Fox News, Scripps Locations: New York, Pennsylvania, Arizona, South Florida, Washington ,

☆ Opinion | Will A.I. Be a Creator or a Destroyer of Worlds?
▼ + stars: | 2024-06-05 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +4 min

— artificial intelligence — is spurring curiosity and fear. paper, Acemoglu contended that artificial intelligence has the potential to improve employment prospects rather than undermine them:It is quite possible to leverage generative A.I. as an informational tool that enables various different types of workers to get better at their jobs and perform more complex tasks. Think of a generative A.I. To turn generative A.I.

Persons: Will A.I, Daron Acemoglu, David Autor, Simon Johnson, Johnson, Acemoglu, ” Acemoglu, — Tyna Eloundou, Pamela Mishkin, Sam Manning, Daniel Rock Organizations: Machines, of, World Trade Association, A.I, OpenAI, Centre, University of Pennsylvania, Labor Locations: M.I.T, United States, Autor, China, A.I

☆ Former Fed Governor Frederic Mishkin on March CPI data: The Fed has to keep staying the course
▼ + stars: | 2024-04-10 | 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 EmailFormer Fed Governor Frederic Mishkin on March CPI data: The Fed has to keep staying the courseFrederic Mishkin, Columbia University professor and former Fed Governor, joins 'Squawk Box' to discuss the March CPI data, what it means for the Fed's inflation fight, interest rate outlook, and more.

Persons: Frederic Mishkin Organizations: Former, Columbia University, Fed Governor

☆ Former Fed Governor Frederic Mishkin: The Fed will be very cautious about lowering rates
▼ + stars: | 2024-02-13 | 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 EmailFormer Fed Governor Frederic Mishkin: The Fed will be very cautious about lowering ratesFrederic Mishkin, former Federal Reserve Governor and Columbia University professor, joins CNBC's 'Squawk Box' to discuss what the latest CPI report means for the Fed and more.

Persons: Frederic Mishkin Organizations: Former, Federal Reserve Governor, Columbia University, Fed

☆ It's extraordinary how well the Fed is doing, says Fmr. Board Member Frederic Mishkin
▼ + stars: | 2024-01-26 | 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 EmailIt's extraordinary how well the Fed is doing, says Fmr. Board Member Frederic MishkinFrederic Mishkin, Fmr. Federal Reserve board member, joins 'Closing Bell Overtime' to talk inflation data, the Federal Reserve and more.

Persons: Frederic Mishkin Frederic Mishkin Organizations: Federal Reserve Locations: Fmr

As Open AI employees celebrated the return of CEO Sam Altman with a five-alarm office party , OpenAI software engineer Steven Heidel was busy publicly rebuffing overtures from Salesforce CEO Marc Benioff. Heidel was one of more than 700 OpenAI employees who's threatened exodus halted a would-be mutiny at one of Silicon Valley's most important AI companies. He was previously a scientist at Facebook AI Research and worked as a member of Google Brain under supervision of Prof. Geoffrey Hinton and Ilya Sutskever. Alec Radford: Radford was hired in 2016 from a small AI company he founded in his dorm room. Tao Xu : technical staff, worked on GPT4 and WhisperChristine McLeavey : technical staff, with contributions to music-related productsChristina Kim : technical staffChristopher Hesse : technical staffHeewoo Jun : technical staff, researchAlex Nichol : technical staff, researchWilliam Fedus: technical staff, researchIlge Akkaya: technical staff, researchVineet Kosaraju : technical staff, researchHenrique Ponde de Oliveira Pinto : technical staffAditya Ramesh : technical staff, developed DALL-E and DALL-E 2Prafulla Dhariwal : research scientistHunter Lightman : technical staffHarrison Edwards : research scientistYura Burda : machine language researcherTyna Eloundou : technical staff, researchPamela Mishkin : researcherCasey Chu : researcherDavid Dohan : technical staff, researchAidan Clark : researcherRaul Puri : research scientistLeo Gao : technical staff, researchYang Song : technical staff, researchGiambattista ParascandoloTodor Markov : Machine learning researcherNick Ryder : technical staff

Persons: Sam Altman, Steven Heidel, Marc Benioff, Heidel, Altman, Mira Murati, Murati, Brad Lightcap, Lightcap, Jason Kwon, Kwon, Wojciech Zaremba, Geoffrey Hinton, Ilya Sutskever, Alec Radford, Radford, OpenAI, Peter Welinder, He's, Github Copilot, Anna Makanju, Andrej Karpathy, OpenAI's, Michael Petrov, Petrov, Greg [ Brockman, Miles Brundage, Brundage, John Schulman OpenAI, Srinivas Narayanan, Scott Grey, Grey, Bob McGrew, Research Che Chang, Lillian Weng, Safety Systems Mark Chen, Frontiers Research Barret Zoph, Peter Deng, Jan Leike Evan Morikawa Steven Heidel Jong Wook Kim, Tao Xu, Christine McLeavey, Christina Kim, Christopher Hesse, Heewoo, Alex Nichol, William Fedus, Henrique Ponde de Oliveira Pinto, Aditya Ramesh, Hunter Lightman, Harrison Edwards, Yura, Tyna, Pamela Mishkin, Casey Chu, David Dohan, Aidan Clark, Raul Puri, Leo Gao, Yang, Giambattista Parascandolo Todor Markov, Nick Ryder Organizations: Business, BI, OpenAI, Khosla Ventures, Facebook, Research, Google, Tesla, U.S . Department of Energy, Oxford University, Safety Systems, Frontiers Research Locations: Albania, Canada, OpenAI

☆ How Posters of Kidnapped Israelis Ignited a Firestorm on American Sidewalks
▼ + stars: | 2023-10-31 | by ( Katherine Rosman | More About Katherine Rosman | ) www.nytimes.com time to read: +9 min

“As a matter of free speech, people who oppose the ‘kidnapped’ posters could erect posters of their own, expressing their views,” Professor Zick said. “I don’t think they’re ripping down posters of ‘Dan Smith Will Teach You Guitar,’” he said. The posters “don’t include Palestinians, so are they concerned about missing people?” he asked. At the corner of Broadway and West 96th Street last weekend, half-ripped posters were covered with small fliers that said: “Why are the posters of kidnapped Israelis being ripped down? With friends and relatives, he has gone door-to-door through the towns of Cedarhurst, Hewlett, Inwood, Lawrence and Woodmere and asked store and restaurant owners to display the “kidnapped” posters inside windows that face the street.

Persons: Nitzan Mintz, ”, “ I’m, Tim Zick, Zick, Mike Mishkin, Mishkin, “ I’ve, they’re, ‘ Dan Smith, ’ ”, Israel, Miles Grant, New York “, “, Grant, ” “, ’ ” Ms, Mintz, Dede Bandaid, Rafael Shimunov, you’re, listserv, Rabbi Amichai Lau, Lavie, Councilwoman Julie Menin, “ Ella Elyakim, Ms, Menin, Guy Tsadik, Woodmere, ” Mr, Tsadik, Alain Delaquérière Organizations: Boston University, The New, William & Mary Law School, Broadway, Twitter, West, Auschwitz Jewish Center Foundation Locations: Gaza, Boston, South Florida, Queens, The New York, Manhattan, Williamsburg, Va, New York, Israel, Brooklyn, York, Palestinian, Israeli, Broadway, Long, Cedarhurst, Hewlett, Inwood, Lawrence, New Jersey, Florida

☆ I don't see a serious recession occurring, if one does happen, says Fmr. Fed Gov. Frederic Mishkin
▼ + stars: | 2023-10-12 | 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 EmailI don't see a serious recession occurring, if one does happen, says Fmr. Frederic MishkinFrederic Mishkin, Former Fed Governor, joins 'Closing Bell: Overtime' to discuss the Fed, CPI, and Boston Fed President Collins comments.

Persons: Fmr, Frederic Mishkin Frederic Mishkin, Collins Organizations: Fed Gov, Former Fed Governor, Boston Fed

☆ Fed's inflation fight isn't done yet despite good progress, says former Fed governor
▼ + stars: | 2023-09-08 | 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 EmailFed's inflation fight isn't done yet despite good progress, says former Fed governorFrederic Mishkin, former Federal Reserve governor, joins 'Squawk Box' to discuss Mishkin's thoughs on the next Federal Reserve meeting, what the Federal Reserve is aiming to do in September, and what's keeping the economy afloat.

Persons: Frederic Mishkin Organizations: Federal Reserve, Reserve

☆ The Fed is still a long way away from its 2% inflation target, says former Fed Governor Mishkin
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is still a long way away from its 2% inflation target, says former Fed Governor MishkinJason Furman, former CEA chairman and Frederic Mishkin, former Federal Reserve governor, join 'Closing Bell Overtime' with reaction to the Federal Reserve's decision to pause rate hikes this month.

Persons: Mishkin Jason Furman, Frederic Mishkin Organizations: Federal Reserve, Federal

☆ Why the new bull market is headed for more Fed stress after a rate hike pause
▼ + stars: | 2023-06-11 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +10 min

And even if the Fed does pause, Ferguson says it doesn't mean that more rate hikes aren't coming over the rest of the year. He isn't alone in the view that a Fed pause won't last long. This view is underpinned by, among other things, a labor market that continues to be tight. Others see recent cooling the labor market as a signal the Fed may soon have more need to moderate its rate hike strategy. "The broad picture here is the labor market is cooling in a sustainable way.

Persons: Savita Subramanian, Roger Ferguson, That's, Ferguson, CNBC's, isn't, Michelle Girard, Steve Liesman, Dennis Lockhart, Lockhart, Fed's, Jerome Powell, Brendan McDermid, — Ferguson, Wharton, Jeremy Siegel, Siegel, Jerome Powell's, Rucha Vankudre, Nick Bunker, Bunker, Goldman Sachs, David Solomon —, Solomon, Goldman, Frederic Mishkin, it's, Mishkin, we've Organizations: Federal Reserve, Dow Jones, NASDAQ, Bank of America, Fed, NatWest Markets, Atlanta Fed, Traders, New York Stock Exchange, CNBC, Conference Board, Labor, Lightcast, Former Fed, Bank of Canada, Reserve Bank of Australia Locations: U.S

☆ Former Fed Governor Frederic Mishkin explains why the Fed shouldn't pause rate hikes next week
▼ + stars: | 2023-06-09 | 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 EmailFormer Fed Governor Frederic Mishkin explains why the Fed shouldn't pause rate hikes next weekFrederic Mishkin, former Federal Reserve Governor and Columbia University professor, joins 'Squawk Box' to discuss the Fed's rate hike campaign, and why he doesn't think the Fed should pause at next week's policy meeting.

Persons: Frederic Mishkin Organizations: Former, Federal Reserve Governor, Columbia University

☆ The Fed does need to keep raising rates, says former Fed Gov. Frederic Mishkin
▼ + stars: | 2023-06-02 | 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 EmailThe Fed does need to keep raising rates, says former Fed Gov. Frederic MishkinFrederic Mishkin, former Federal Reserve Board governor, joins ‘Squawk on the Street’ to explain why he recommends a rate hike in Federal Reserve's next meeting and more.

Persons: Frederic Mishkin Frederic Mishkin, Squawk Organizations: Fed Gov, Federal Reserve Board, Federal

☆ The Fed shouldn't think about pivoting for a long time, says former Fed Gov. Frederic Mishkin
▼ + stars: | 2023-05-10 | 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 EmailThe Fed shouldn't think about pivoting for a long time, says former Fed Gov. Frederic MishkinFrederic Mishkin, former Federal Reserve Board governor, joins 'Closing Bell' to discuss the Fed's next move and the regional bank fallout.

☆ Tucker Carlson, Sean Hannity, and Laura Ingraham panicked and texted that Fox News 'hates us' after calling Arizona for Biden and bragged about their 'enormous power' at the network
▼ + stars: | 2023-03-08 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +4 min

New emails and texts released in Dominion Voting System's case against Fox News highlighted internal strife. The three prime-time hosts, Tucker Carlson, Laura Ingraham, and Sean Hannity, felt sidelined after the Arizona call. "We are officially working for an organization that hates us," Ingraham texted the two hosts in November 2020. On Tuesday, a new series of internal emails, private texts, and depositions helped illuminate the internal rifts between Fox News hosts Tucker Carlson, Laura Ingraham, Sean Hannity, and their coworkers after the network called Arizona for Biden. "We are officially working for an organization that hates us," Ingraham texted Hannity and Carlson on November 16, 2020, according to court documents.

☆ Text message shows Fox News president refused to air Nevada election results because it would have sealed Biden's victory, The New York Times reports
▼ + stars: | 2023-03-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Fox News was heavily criticized by its viewers after it called Arizona for Biden in 2020. After the immediate backlash, Fox News President Jay Wallace was reluctant to call Nevada, per NYT. Nevada's election result would have made Joe Biden's victory all but certain. The network's election team was prepared to call Nevada on November 6, NYT reported, which would have all but cemented Biden's victory. But in a text message reviewed by the Times, Wallace, who has been the network president since 2018, refused to air the result.

☆ Former Fed Governor: Likelihood of a recession is extremely high
▼ + stars: | 2023-03-01 | 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 EmailFormer Fed Governor: Likelihood of a recession is extremely highFrederic Mishkin, former Federal Reserve Board Governor, joins 'Squawk Box' to discuss his thoughts on the Federal Reserve right now, whether the Fed should stop raising rates, and more.

☆ Wall Street is upping its expectations for rate hikes — and a recession
▼ + stars: | 2023-02-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The outlook comes ahead of the central bank's March meeting when investors expect another quarter-percentage point — or 25 basis point — rate increase. Bank of America, for instance, said it thinks policymakers may have to take the benchmark funds rate to the 6% range. "This will likely lead to a recession, because the non-consumer sectors of the economy already look soft. In the Cleveland Fed white paper , the authors suggested the central bank reconsider its 2% inflation target because it isn't likely to achieve it anytime soon. It said core PCE inflation is likely to cool only to 2.75% by 2025, adding that "a deep recession would be necessary" for the Fed to achieve its goal.

☆ Yellen says U.S. inflation fight 'not a straight line' after price rise data
▼ + stars: | 2023-02-25 | by ( David Lawder | ) www.reuters.com time to read: +3 min

BENGALURU, Feb 25 (Reuters) - U.S. Treasury Secretary Janet Yellen told Reuters on Saturday that new U.S. data showing inflation jumped unexpectedly in January signals that the fight against inflation "is not a straight line" and more work is needed. The strongest U.S. consumer spending data in nearly two years on Friday showed that the Fed's preferred measure of inflation, the personal consumption expenditures price index (PCE), jumped unexpectedly in January, calling into question whether the Fed remains behind in its inflation fight. Revisions to prior data showed that previous disinflation was milder than previously reported, and that data added to financial market fears that the Federal Reserve could continue raising interest rates into summer. "I think this report showed that it's not going to be a straight line - disinflation is not a straight line," Yellen said, adding that inflation "remains a problem." "It’s one read, but core inflation still remains at a level that's above what's consistent with the Fed’s objective.

Some estimates have suggested the unemployment rate, currently at more than a five-decade low of 3.4%, may have to approach 7% for inflation to fall on a reasonable timetable. But a series of rapid rate hikes last year, which pushed the Fed's benchmark overnight interest rate from near zero to the current 4.50%-4.75% range, has so far been relatively cost-free. Those projections have inflation dropping to 2.1% by the end of 2025, with the economy growing throughout and the unemployment rate rising only to around 4.6%. By contrast, they said "the cost of lowering inflation to the Fed's 2% target by 2025 will likely be associated with at least a mild recession." Perhaps too reliant on the tame inflation of recent decades, the Fed made a "significant error" by not raising interest rates "preemptively" when inflation began accelerating in 2021, the group concluded.

☆ Fed can't tame inflation without 'significantly' more hikes that will cause a recession, paper says
▼ + stars: | 2023-02-24 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. The Federal Reserve is unlikely to be able to bring down inflation without having to raise interest rates considerably higher, causing a recession, according to a research paper released Friday. The Fed has implemented a series of interest rate hikes in an effort to tame inflation that had been at its highest level in some 41 years. That change implemented "average inflation targeting," allowing inflation to run hotter than normal in the interest of a more inclusive employment recovery. Fed Governor Philip Jefferson released a reply to the report, saying that the current situation differs from previous inflation episodes.

☆ Fed should hike by 50 basis points next meeting, says former Fed Gov. Frederic Mishkin
▼ + stars: | 2023-01-20 | 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 EmailFed should hike by 50 basis points next meeting, says former Fed Gov. Frederic MishkinFrederic Mishkin, Federal Reserve Board Governor joins 'Squawk on the Street' to discuss the Fed and his thoughts on supporting a 50 basis point move at the next meeting.

☆ I tend to be in the hawk camp right now, says fmr. Fed Gov. Frederic Mishkin
▼ + stars: | 2022-12-30 | 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 EmailI tend to be in the hawk camp right now, says fmr. Frederic MishkinFrederic Mishkin, former Fed governor and current Columbia University professor, joins Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss what the Fed is likely to do in 2023.

☆ Inflation is still well above the Fed target, says fmr. Federal Reserve Governor Frederic Mishkin
▼ + stars: | 2022-12-14 | 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 EmailInflation is still well above the Fed target, says fmr. Federal Reserve Governor Frederic MishkinFrederic Mishkin, former Federal Reserve Board governor, joins 'Power Lunch' to discuss raising Fed rates beyond market indicators, the risks associated with the Fed doing too much or too little with interest rates and the scope of long and variable lag.

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