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Search resuls for: "Orszag"


6 mentions found


☆ Premarket stocks: What we learned at Davos: The economy is a mess, but there's still hope
  + stars: | 2023-01-20 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN —Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the wealthiest people and world leaders. The meetings between CEOs, politicians, and global figures at Davos can help set the tone for the year ahead. CEOs and political officials are also worried about the United States hitting its borrowing cap on Thursday, forcing the Treasury Department to start taking “extraordinary measures” to keep the government open. If an agreement isn’t reached, markets could plunge (like they did the last time this happened in 2011) and the United States risks having its credit rating downgraded again. China’s removal of strict coronavirus restrictions late last year is also expected to unleash a wave of spending that may offset economic weakness in the United States and Europe.
☆ Davos elites see a major risk ahead for markets with looming U.S. debt standoff
  + stars: | 2023-01-18 | by ( Hugh Son Brian Schwartz | Hugh Son | Brian Schwartz | ) www.cnbc.com   time to read: +4 min
The world's largest economy risks defaulting on its debt for the first time in modern history this summer as politicians wrangle over raising the country's debt limit, currently capped at $31.4 trillion. The U.S. is expected to reach its debt limit Thursday, Treasury Secretary Janet Yellen said last week. But coming to a deal to increase the U.S. debt limit won't be easy in a political environment that's grown even more polarized in the past decade. While conservative members of his caucus insist they do not want the country to default on its debt, McCarthy is under pressure to demand deep spending cuts. Another top Wall Street CEO said he planned to push lawmakers at Davos to focus more on spending cuts rather than the debt ceiling.
☆ Peter Orszag: Davos seems a bit more downcast than usual this year
  + stars: | 2023-01-17 | 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 EmailPeter Orszag: Davos seems a bit more downcast than usual this yearPeter Orszag, Lazard Financial Advisory CEO, joins 'Squawk Box' to discuss what Orszag thinks will happen on the debt ceiling, what's happening in Davos, and more.
☆ The Fed's tightening will 'wallop' the US economy if inflation is cooling on its own anyway, a Lazard CEO says
  + stars: | 2022-11-11 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +3 min
The US economy won't feel the impact of the Fed's tightening until 2023, Peter Orszag told CNBC. If inflation is coming down anyway, it will be walloped by unneeded monetary policy, the Lazard CEO said. The lame-duck Congress needs to move on the debt limit soon — otherwise, it's "playing with matches." "The point is, if inflation is coming down anyway, then you're going to get walloped with the lagged effect of the monetary policy tightening, when you don't really need it," he said. "I would highlight the imperative on the debt limit in particular.
☆ We haven't seen the lagged effect of Fed tightening, says Lazard's Peter Orszag
  + stars: | 2022-11-10 | 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 EmailWe haven't seen the lagged effect of Fed tightening, says Lazard's Peter OrszagLazard's Peter Orszag joins 'Closing Bell' to discuss the today's market rally and the midterm election's impact on the market.
☆ Accounting for lead time when calculating the pace of monetary policy with Lazard's Peter Orszag
  + stars: | 2022-10-27 | 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 EmailAccounting for lead time when calculating the pace of monetary policy with Lazard's Peter OrszagPeter Orszag, Lazard Financial Advisory CEO, joins 'Closing Bell' to discuss tightening of central bank monetary policy, the cooling effect of dollar strengthening, and material declines in residential and non-residential investments.
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