Hints and tips:
...But as Powell ruefully observed: “The speed of the run [is] very different from what we’ve seen in the past.”...
...On the equity side, small-cap stocks continue to be the story: while the S&P 500 has shrugged, the Russell 2000 is up 6 per cent since Jay Powell started talking....
...This month, Lawrence Summers warned US corporate bosses against embracing Trump....
...Biden’s remarks followed a conversation with former Treasury secretary Lawrence Summers, who criticised the president’s stimulus plan last year as well as Fed policy for stoking inflation, and is now raising...
...Former US Treasury secretary Lawrence Summers earlier this week said the terminal rate could hit “6 [per cent] or more”....
...So we heard this from Powell....
...These were the words of Powell....
...This week, Jay Powell, Federal Reserve chair, is in the spotlight — and pulpit....
...Two days later, former treasury secretary Lawrence Summers was more critical....
...It is why the scale and duration of past fiscal and monetary support was a mistake, especially in the US, as Lawrence Summers of Harvard has long argued....
...It stands in contrast to her successful effort in 2013 to persuade Barack Obama not to choose Lawrence Summers, the former Treasury secretary and Harvard University economist, to head the Fed....
...Powell has insisted his use of the term never meant “shortlived”, but in the end decided to retire the phrase....
...Follow along in the footsteps of John the Baptist and TE Lawrence....
...For while the US Federal Reserve did not actually raise rates this week, Jay Powell, Fed chair, essentially promised that rate hikes will start in March....
...In early 2021, well-known Keynesians, notably Lawrence Summers and Olivier Blanchard, joined in, largely in response to the huge fiscal stimulus proposed by Joe Biden....
...That risk was cited by former US Treasury secretary Lawrence Summers earlier this month and forced White House economic officials to issue a series of sharply-worded rebuttals....
...Market Committee remained cautious about the state of the economy and shrugged off concerns about an inflationary spiral, which were partially triggered by a critical assessment of Biden’s stimulus plan by Lawrence...
...Federal Reserve chair Jay Powell recently said that today’s trend looked distinctly different to the one a decade ago that pre-empted what was at the time the worst recession since the Great Depression —...
...Jay Powell, Federal Reserve chairman, has joined Janet Yellen, Treasury secretary, in playing down concerns....
...Early on in lockdown, after the murder of George Floyd, Dayes, who is black, decided to help organise an online “yogathon” to raise money for the Stephen Lawrence Trust. Some 350 yogis took part....
...But the plan has attracted criticism from Republican lawmakers — who have unanimously opposed the plan — as well as some economists, including Lawrence Summers, the Treasury secretary under Bill Clinton...
...Barkin’s comments came ahead of a speech on Wednesday by Jay Powell, the Fed chairman, on the state of the labour market....
...But Lawrence Summers, the former US Treasury secretary under Bill Clinton and Harvard University professor, warned that Biden’s plan may be excessive....
...Lawrence Summers, whose speech on “secular stagnation” in 2013 was the most perceptive economic pronouncement of the past decade, has argued that macroeconomics is experiencing a “revolution” similar to...
...America’s top central bankers are not expecting a sustained jump in prices, a view conveyed by Jay Powell, the Fed chairman, in a speech last week....
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