Sanjay Gupta: Can Science and God Coexist?
Faith and science may often seem at odds with one another, but renowned geneticist and former NIH director, Dr. Francis Collins, says that he sees…
Thought Leader: Sanjay Gupta
Joseph Stiglitz explains why the Fed shouldn’t raise interest rates
(Original source Los Angeles Times)
“As central bank governors, Federal Reserve officials, economists and reporters convene for the annual economic policy retreat in Jackson Hole, Wyo., this weekend, the question on everyone’s mind is: Will the Fed raise interest rates come September?
The answer should clearly be “no.” The preponderance of economic data indicates that the predictable costs of premature tightening — slower job and wage growth — far outweigh the risk of accelerating inflation.
Six years into a lackluster U.S. expansion, price growth for personal consumption expenditures — excluding food and energy — has averaged less than 1.5% annually in the recovery, well below the Fed’s unofficial 2% inflation target. It slowed to 1.3% so far in 2015.”
Click here to read more
Relevant and recent posts
Marc Short on what to expect from DOGE in relation to next year’s legislative agenda
Marc Short comments on what to expect from DOGE in relation to next year’s legislative agenda for CNBC. Looking for a great keynote or public…
Thought Leader: Marc Short
Marc Short on whether Musk has permanently changed how congressional communication functions
In this video, Marc Short joins CNBC to discuss whether Musk and Twitter have permanently changed how congressional communication functions and what to expect for…
Thought Leader: Marc Short
More with this speaker
Nobel Prize Winner Joseph Stiglitz Dissects American Economics and Politics
Thought Leader: Joseph E. Stiglitz, Ph.D
Joseph Stiglitz: Trump Presidency Would Be A “Nightmare” — He Could “Bankrupt the Country”
Thought Leader: Joseph E. Stiglitz, Ph.D
Stiglitz: Here’s How to Fix Inequality
Thought Leader: Joseph E. Stiglitz, Ph.D