Reported 3 months ago
The Federal Reserve has chosen to keep interest rates steady, with mixed opinions on its approach. EY's chief economist, Greg Daco, advocates for a forward-looking stance, highlighting the need for revisions in monetary policy due to a cooling labor market and inflation nearing the 2% target. In contrast, Jeff Klingelhofer from Thornburg Investment Management believes the Fed acted correctly, warning against premature assumptions of disinflation amidst economic weakness. Their discussion examines the consequences of maintaining current interest rates and the potential of artificial intelligence in market growth.
Source: YAHOO