The Fed's economic outlook is 'absurd' and there's no way to lower inflation while stabilizing the banking system, Wharton Professor Jeremy Siegel says
The Fed's economic outlook is off-base and despite remarks that suggest otherwise, there's no way that central bankers can lower inflation and stabilize the banking system at the same time, according to Wharton professor Jeremy Siegel.
After raising interest rates another 25 basis points on Wednesday, central bankers lowered their forecast on economic growth this year to 0.4% from a prior view of 0.5%.technical recession Fed officials were likely underestimating the impact of SVB's failure on financial conditions, Siegel said, as markets had originally expected officials to hike rates 50 basis points before the bank turmoil.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Jeremy Siegel says Fed Chair Powell still has the 'completely wrong approach'Wharton Professor believes inflation is largely under control, and that the Fed's decision to maintain rates is the 'wrong approach' for the economy.
Leer más »
The Fed basically beat inflation late last year, says Wharton's Jeremy SiegelWharton School Professor Jeremy Siegel joins 'Squawk Box' to discuss what the continuous rate hikes by the Fed mean for the economy and more.
Leer más »
Fed Advisor: 'Most dovish hike' shows Fed likely done - MNIFederal Reserve's (Fed) advisor and Chief Economist at KPMG, Diane Swonk, told MNI on Monday, the “Fed’s’decision Wednesday shows the central bank is
Leer más »
Jeremy Renner Walks on Assisted Treadmill Amid Recovery from AccidentThe actor was involved in an accident with a snow plow in January.
Leer más »
Jeremy Renner Walks in Anti-Gravity Treadmill After Snowplow AccidentJeremy Renner is walking again just a couple months after his horrific snowplow accident. The only catch ... he's using an anti-gravity machine to get back to 100%, but his recovery seems to be going very well nonetheless.
Leer más »
Jeremy Renner back on his feet and walking months after snowplow accidentJeremy Renner shared an Instagram video of himself walking on a treadmill nearly three months after he was crushed by his own snowplow in Nevada.
Leer más »