Billionaire investor Stanley Druckenmiller said at an investor summit in New York City on Sept. 28 that he’s worried that the economic downturn stalking the United States could be worse than an “average garden variety” recession. Druckenmiller said at the Delivering Alpha Investor Summit that he’s convinced it’s impossible for the U.S. economy to experience…
America’s Economic Downturn Could Be Worse Than ‘Average Garden Variety’ Recession: Stanley Druckenmiller
September 28, 2022
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Business & MarketsdepressioneconomyFederal Reservehard landinginflationquantitative tighteningrecessionsoft landingUSUS News
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The Digital Dollar Will Not Be ‘Anonymous,’ Says Fed Chair Powell
September 28, 2022
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Business & MarketsCBDCChristine Lagardecryptocurrencydigital dollardigital euroECBeconomic policieseconomyFederal Reservejerome powellMarketsUS
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The central bank digital currency (CBDC), or digital dollar, would not be anonymous, according to Federal Reserve Chairman Jerome Powell, thereby eliminating one of the main advantages of using cryptocurrencies. If the Fed were to pursue such an option, said Powell, there would be four minimum CBDC characteristics. The first would be intermediaries—it wouldn’t be…
The Fed Fears Something Worse Than a Bear Market
September 27, 2022
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Analysisbear marketBusiness & MarketsBusiness ColumnistsFederal ReserveinflationOpinionrecessionstock marketU.S. economy
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Commentary The strategy of buying the dip went on for months, with unrelenting hope that this was all surely temporary. The economy was opening. Congress was spending. The Fed surely would not crash the markets before the November election. All will be well. No reason to panic. Not even weekly warning by the Fed would…
LIVE 10:30 AM ET: Federal Reserve Plans to Cause Unemployment and ‘Reduce Demand’; Texas Designates Cartels as Terrorists
The Federal Reserve is planning to cause unemployment in the United States with 4.4 percent interest rates by the end of the year, in a bid to reduce inflation. Fed Chair Jerome Powell said, “There will very likely be some softening of labor market conditions,” due to the planned actions of the Fed, which is…
LIVE: Federal Reserve Plans to Cause Unemployment and ‘Reduce Demand’; Texas Designates Cartels as Terrorists
The Federal Reserve is planning to cause unemployment in the United States with 4.4 percent interest rates by the end of the year, in a bid to reduce inflation. Fed Chair Jerome Powell said, “There will very likely be some softening of labor market conditions,” due to the planned actions of the Fed, which is…
Federal Reserve’s Jerome Powell Owes American People an ‘Apology’, Says Jeremy Siegel
According to eminent Wharton Business School professor Jeremy Siegel, Federal Reserve Chair Jerome Powell owes the American people an “apology” for his poor handling of monetary policy over the last couple of years. In an interview with CNBC on Monday, Siegel purported that the central bank is now behaving too aggressively to combat inflation…
LIVE 9/27, at 10:30 AM ET: Federal Reserve Plans to Cause Unemployment and ‘Reduce Demand’; Texas Designates Cartels as Terrorists
The Federal Reserve is planning to cause unemployment in the United States with 4.4 percent interest rates by the end of the year, in a bid to reduce inflation. Fed Chair Jerome Powell said, “There will very likely be some softening of labor market conditions,” due to the planned actions of the Fed, which is…
Investors Worry Higher Interest Rates Might Sink Stock Prices Further
Investors have lost more than $7.6 trillion on U.S. stocks this year, and experts are warning that the losses could mount heading into 2023. From institutional investors to retail traders, it’s been a challenging year to navigate the worst-performing market in five decades, Bespoke Investment Group says. “It is no secret that 2022 has not…
Investors Fear Higher Interest Rates Could Further Sink Stock Prices
In 2022, investors have lost more than $7.6 trillion on U.S. stocks, and experts warn these losses could mount heading into 2023. From institutional investors to retail traders, it has been a challenging year as they navigate the worst-performing market in five decades, says Bespoke Investment Group. “It is no secret that 2022 has not…
Larry Summers Thinks Reducing Inflation Won’t Be Quick and Easy
Rooting inflation out of the U.S. economy won’t be quick, and it won’t be easy for the Federal Reserve, according to former Treasury Secretary Larry Summers. While speaking during an interview with Fortune, the Harvard economics professor told the magazine that the central bank needs to do more to cool elevated inflation. But while a…
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