#The Fed’s left-face decision on Jerome Powell reign

Admin5 years ago010 mins

“#The Fed’s left-face decision on Jerome Powell reign” As this column goes to press, the Wall Street C-suite class is giving Jerome Powell slight odds to be reappointed as Federal Reserve chairman. Yes, he is disliked by progressives such as Elizabeth Warren; they have a big say in just about anything the Biden administration does…

#Larry Summers raises inflation concerns as he blasts Biden’s spending

Admin5 years ago04 mins

“#Larry Summers raises inflation concerns as he blasts Biden’s spending” Former Treasury Secretary Larry Summers said he is skeptical of massive spending increases under Biden and the Federal Reserve – and is now worried about inflation more than ever, according to a report. “The traditional role of the Fed is to remove the punch bowl…

#Obama’s economic adviser blasts Biden’s stimulus plan, says it could trigger high inflation

Admin5 years ago05 mins

“#Obama’s economic adviser blasts Biden’s stimulus plan, says it could trigger high inflation” Former Obama economic adviser Larry Summers continues to blast the Biden administration’s stimulus plan and warns it will result in a major inflation crisis. “We’re taking substantial risks,” Summers told The Washington Post. “This might not have struck as much a nerve if it didn’t reflect…

#Democrats’ battles have just begun and other commentary

Admin5 years ago07 mins

“#Democrats’ battles have just begun and other commentary” Left watch: Dems’ Battles Have Just Begun With President-elect Joe Biden’s “centrist outlook” and similarly minded Cabinet nominees, the Democratic left knows that “it will have a tough battle to get action on its priorities” over the next four years, notes The Hill’s Niall Stanage. It’s a…