Former U.S. Treasury Department economist David Beckworth says the Federal Reserve needs ‘good luck’ to help make its policy transition.
Former U.S. Treasury Department economist David Beckworth agreed that the Federal Reserve will struggle to build a strong economy while it's already slowing, on "Mornings with Maria" Friday, warning the proposed five rate hikes would be "too much for the market to bear."The best thing [the Fed] can hope for, again, is that the COVID ordeal ends quickly, because once COVID ends, we'll have more people going back to work.
So the Fed's really needing good luck here to help make their transition to tighter monetary policy easier. If you look at the 10-year Treasury, it's around 1.8%. And it would be very hard for the Fed to have a lot of rate hikes. I think five rate hikes will be too much for the market to bear.
Covid is under control soon Labor *surplus* soon Supply *surplus* soon Prices *decline* soon
Dem LA Mayor garcetti, I keep my breath, there is a zero percent danger of infection from that
The market is this fragile?
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »