• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

[Hong Kan Liao] Yellowstone geyser just exploded

k1976

Alfrescian
Loyal

I Changed My Mind. The Fed Needs to Cut Rates Now.​

Waiting until September unnecessarily increases the risk of a recession.
July 24, 2024 at 5:30 PM GMT+8
By Bill Dudley
Bill Dudley, a Bloomberg Opinion columnist, served as president of the Federal Reserve Bank of New York from 2009 to 2018. He is the chair of the Bretton Woods Committee, and has been a nonexecutive director at Swiss bank UBS since 2019.


Time for a new direction.

Time for a new direction.
Photographer: Nathan Howard/Getty Images
Save

I’ve long been in the “higher for longer” camp, insisting that the US Federal Reserve must hold short-term interest rates at the current level or higher to get inflation under control.
The facts have changed, so I’ve changed my mind. The Fed should cut, preferably at next week’s policy-making meeting.
http://bloom.bg/dg-ws-core-bcom-m1
 
Top