TuriBinda
-
Former Fed. Gov. Warsh argues for immediate, globally coordinated rate cut
Former Fed Gov. Kevin Warsh argued in an op-ed in the Wall Street Journal that the central bank should take "immediate action" and jointly cut interest rates with the People's Bank of China, the European Central Bank, the Bank of England and the Bank of Japan. The Fed "should be in the business of responding to 'tail risks'-unlikely events that would have highly damaging effects on output and inflation-not fine-tuning around the base economic outlook." Warsh was a candidate to become chairman of the Federal Reserve under President Donald Trump, who at a White House gathering told Warsh he should've lobbied ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 27, 2020 8:00am Feb 27, 2020 8:00am
- Sahir12
- | Membership Revoked | Joined Feb 2018 | 441 Comments
- Comment #2
- Quote
- Feb 27, 2020 8:09am Feb 27, 2020 8:09am
- Guest
- | IP XXX.XXX.39.174
- Comment #3
- Quote
- Feb 27, 2020 8:09am Feb 27, 2020 8:09am
- rashadali
- Joined Jan 2016 | Status: Member | 698 Comments
- Comment #4
- Quote
- Feb 27, 2020 9:00am Feb 27, 2020 9:00am
- Banditten
- Joined Sep 2019 | Status: Member | 1461 Comments
- Comment #5
- Quote
- Feb 27, 2020 10:02am Feb 27, 2020 10:02am
- ekan
- Joined Mar 2019 | Status: Member | 597 Comments