Speaking to CNBC's "Street Signs Europe" on Monday, O'Neill, a veteran economist and former chairman of Goldman Sachs Asset Management, said the Fed's change of language was overdue.
"If you put aside the risk of uncertainty about the [omicron] variant, when you end this year where we have ended with the scale of recovery we have had — notwithstanding what is probably a statistical fluke with the payroll survey Friday — the huge bounceback in growth, why do we need the same scale of emergency monetary policy that we had 18 months ago all over the western world?" O'Neill said.
O'Neill argued that keeping policy at historically accommodative levels risked central banks having fewer options if additional stimulus is needed due to another economic shock in the near future. He suggested policymakers would be better off tightening now to contain inflation while growth is running hot, giving themselves room to unwind in case of emergency.
Look at these criminals peddling fear so they can manipulate the stock market
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eros Creator Jim Starlin Reacts to ‘Eternals’ Mid-Credits SurpriseThe comic writer and artist speaks to The Hollywood Reporter about seeing Harry Styles and Patton Oswalt pop up in the Chloe Zhao-directed Marvel pic. He didn’t “see them” he was just told they were there the article says. If you don’t read your own stories, why should we?
Source: THR - 🏆 411. / 53 Read more »
What Jim Cramer is watching in the market Monday, including Rivian, banks and IPOsInvesting Club: What Jim Cramer is watching in the market Monday, including Rivian, banks and IPOs
Source: CNBC - 🏆 12. / 72 Read more »
Jim Acosta tells Democrats to think 'What would Mitch do?' over filibusterThe CNN anchor said Democrats had been 'outmaneuvered' by the Senate minority leader, as he questioned the balance of the Supreme Court. It is time for Biden to pack the Supreme Court. That because republican house and senate leaders know that it's a full-time job being an asshole...Democrats haven't figured that out yet...and that is why we fail! the dems have been derailed by manchin and conservative oligarch billionaires..mcconnell is just along for the ride
Source: Newsweek - 🏆 468. / 52 Read more »
Adoption Isn’t the Solution to Abortion, No Matter What Amy Coney Barrett SaysThere is no simple adoption story, yet Barrett and her ilk seem determined to frame adoption not only as a moral corrective but as a means of reproductive freedom.
Source: VogueRunway - 🏆 705. / 51 Read more »
Supply Chains in Southeast Asia Are Less Vulnerable After Delta-Driven DisruptionsCountries like Vietnam and Malaysia have learned from recent experience and are better prepared for fresh waves of the Covid-19 virus, economists and factory operators say. Please expel SIV applicants from Afghanistan before they are killed by the Taliban please help us🙏🏻🙏🏻🙏🏻😭😭😭 AnnexKabul POTUS KamalaHarris VP SecBlinken USEmbassyKabul US4AfghanPeace this is my message video For all the world and prime minister Scott Morrison 🇦🇺 Jacqui Lambie visit this is link this is link Jacqui Lambie. I hope the world can start taking this virus more seriously. Vaccine patents need to be shared, more testing needs to be available for everyone and that means making it affordable. People please get vaccinated and mask up in public.
Source: WSJ - 🏆 98. / 63 Read more »
Lawrence Taylor Says He Doesn't Follow Giants Anymore, 'Eli's Not The QB?!'Lawrence Taylor tells TMZ Sports he straight-up does not follow the New York Giants anymore. I met LT at Caesar’s Palace in Tahoe in 1995. Super nice guy. Gracious AF I use to love the New York Giants!!! When all my favorite players left I was all set...Lawrence Taylor was a great player..I loved me some 'LT!' God bless him..so glad to see he is doing well♡ Merry Christmas LT♡
Source: TMZ - 🏆 379. / 59 Read more »