• 722 days Will The ECB Continue To Hike Rates?
  • 723 days Forbes: Aramco Remains Largest Company In The Middle East
  • 724 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,124 days Could Crypto Overtake Traditional Investment?
  • 1,129 days Americans Still Quitting Jobs At Record Pace
  • 1,131 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,134 days Is The Dollar Too Strong?
  • 1,134 days Big Tech Disappoints Investors on Earnings Calls
  • 1,135 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,137 days China Is Quietly Trying To Distance Itself From Russia
  • 1,137 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,141 days Crypto Investors Won Big In 2021
  • 1,141 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,142 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,144 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,145 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,148 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,149 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,149 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,151 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Michael Pollaro

Michael Pollaro

Michael Pollaro is a retired Investment Banking professional, most recently Chief Operating Officer for the Bank's Cash Equity Trading Division. He is a passionate free…

Contact Author

  1. Home
  2. Markets
  3. Other

There Is No Graceful Exit for the Fed, Mark Zandi

Mark Zandi, Chief Economist of Moody's MCO -0.2% Analytics, doesn't get it. Like most economists today he looks at the world through the lens of a Keynesian economist. Through that lens, owing to the easy monetary policies of an enlightened Federal Reserve, he thinks the U.S. economy is finally in recovery mode. Only one hurdle left - a "graceful" exit from those easy monetary policies. We say not a chance.

On CNBC's Closing Bell this past Friday, September 26th, Zandi gave an interview to Kelly Evans, co-anchor of the Closing Bell, making his case for blue skies ahead. The interview begins with this question from Evans...

Do you think we can count on sustained, strong growth from here now finally?

Zandi answers with confidence...

Yeah, I do.

Then after waxing on about the improving economic numbers and his expectations for even better numbers going forward, Evans, with a bit of giddiness, asks...

Mark, is there anything you are worried about?

Zandi responds...

It is clear that the Fed has a lot of work to do here... My baseline world view is that they can allow interest rates to rise, both short-term and long-term interest rates to rise consistently with the improvement in the job market.

Zandi, showing some pause, goes on to say...

Continue reading the rest of the article here.

 

Back to homepage

Leave a comment

Leave a comment