Fed is 'not completely done' fighting inflation: Gary Cohn
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- Опубликовано: 30 июл 2024
- As Wall Street debates when the Federal Reserve will announce its first rate cut, IBM Vice Chair Gary Cohn told Yahoo Finance investors 'misread' the Fed's policy outlook.
"The Fed is continually fighting inflation because their risk right now is backing off too early," Cohn explained. "I don't think the Fed is completely done fighting inflation... they've left themselves optionality to stay the course longer if needed."
Cohn added, "We’re headed toward a more normal economic trend, something that we haven't seen in over 15 years, and I think we all forget what normal looks like… and employment continues to remain strong, and I think it will remain strong throughout the year.”
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I think the transitory call is actually ending up being largely correct. Supply chains just took longer to resolve than people expected
The ONLY effective way to really deal with inflation is to first and foremost acknowledge the reality that inflation is primarily caused by the unrestricted greed/avarice of the now global conglomerate "Big Corporate Business" entities which includes "Big Oil". Then there needs to be a return to the ONLY effective means that there has ever been when it comes to being able to tamp down/control this greed/avarice which is for there to be a return to the OPA system which stands for the Office of Price Administration of price controls that was very effective when it came to controlling the greed/avarice of corporate America back during and immediately after WW2.
Good raise it a bit more 10 percent will get us right
Dedollarization is coming
Sure Ivan
@@invisiblesun6595 right back at you with the finger spunky
Nope, raise rates higher