Nobel economist Paul Krugman says he's worried the Fed's war on inflation may trigger future shocks, including more banking chaos
The Federal Reserve's war on inflation doesn't have to cause severe economic pain – but there's a risk the central bank will trigger more shocks like the recent banking debacle, according to Paul Krugman.
"I'm in the camp that believes that bringing inflation down doesn't have to be very costly," the Nobel Prize-winning economist wrote in a"But I'm very worried about the problem of sticking the landing in the face of huge uncertainty about the current state of the economy, possible future shocks like debt default or more Covid dislocations, and the often delayed effects of policies designed to fight inflation," he added.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Senator calls on Fed to fire staff over Silicon Valley Bank failureSen. Tim Scott called for firings at the Federal Reserve over the central bank's failure to regulate Silicon Valley Bank in the run-up to its collapse.
Leer más »
Watch Fed Chairman Jerome Powell speak live on monetary policyThe remarks come with markets suddenly divided on where the Fed goes from here.
Leer más »
US: Philadelphia Fed Manufacturing Index improves to -10.4 in May vs. -19.8 expectedThe diffusion index for current general activity of the Federal Reserve Bank of Philadelphia's Manufacturing Survey rose to -10.4 in May from the thre
Leer más »
Dallas Fed President Logan says current data doesn't justify pausing rate hikes yetThe Dallas Fed president said the central bank still has work to do in achieving its goal for price stability.
Leer más »
Fed’s Jefferson: One year too short for higher rates to fully affect demandFederal Reserve Governor Philip Jefferson said on Thursday that inflation remains too high. A the same time, he mentioned the lagged effects of moneta
Leer más »
Fed's Logan: Data does not support skipping rate hike at next meeting – CNBCDallas Federal Reserve President Lorie Logan said on Thursday, as reported by CNBC, on a speech due later at the Texas Bankers Association 138th Annua
Leer más »