-
The Case for How the Fed Has Already Made Its Policy Mistake
The Federal Reserve may already have made a monetary-policy mistake and paved the way for the next U.S. recession. As some economists such as former U.S. Treasury Secretary Lawrence Summers warn the Fed will err if it raises interest rates in December, Paul Mortimer-Lee of BNP Paribas SA is taking a different tack as he argues it may have already blundered by not hiking sooner. “The die may already be cast and the path to the next recession may have been taken,” Mortimer-Lee, BNP Paribas’s chief economist for North America, told clients in a report last week. “The reason for our recession concern is not so ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 23, 2015 8:12am Nov 23, 2015 8:12am
- gc44
- | Joined Apr 2015 | Status: Member | 517 Comments
- Comment #2
- Quote
- Nov 23, 2015 8:24am Nov 23, 2015 8:24am
- mazchaudhry
- | Commercial Member | Joined May 2013 | 68 Comments
- Comment #3
- Quote
- Nov 23, 2015 8:25am Nov 23, 2015 8:25am
- teleblue
- | Joined Nov 2008 | Status: Member | 9 Comments
Enter Signature
- Comment #4
- Quote
- Nov 23, 2015 11:49am Nov 23, 2015 11:49am
- TheTopBloke
- | Joined Sep 2007 | Status: Forex God | 1035 Comments