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| Name | Higher interest rates are 'corrosive on the economy,' economist says |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 09-05-2024 12:06:54 |
| Video Discription | The Federal Reserve has decided to keep interest rates steady as Wall Street speculates about the possible outcomes of a higher-for-longer environment. Moody’s Analytics Chief Economist Mark Zandi joins The Morning Brief to discuss the Fed's policies and why the central bank should begin cutting rates now. Zandi explains that the Fed's 2% inflation target is inappropriate at this moment: "If you were asking me de novo today without the legacy of that 2%, I'd say it should be closer to three. Just given that the underlying growth rate of the economy is slower than when the 2% target was put into place, but I think the Fed officials want to get back to two, establish credibility, make sure that they've done what they said they were going to do." #youtube #stockmarket #news About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
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