{ }
The Federal Reserve recently cut interest rates by 25 basis points, aligning with market expectations, but future decisions remain uncertain amid softening inflation and potential policy shifts with the incoming Trump administration. Former Fed Vice Chair Richard Clarida discusses the implications of these developments, including the Fed's approach to monetary policy, inflation outlook, and the influence of political dynamics on economic conditions.
The Federal Reserve recently cut interest rates by 25 basis points, aligning with market expectations, but faces uncertainty ahead. With inflation softening and potential shifts under the incoming Trump administration, the Fed's future decisions are in question, especially amid tensions between President Trump and Chair Jerome Powell. Former Fed Vice Chair Richard Clarida discusses these challenges and the Fed's approach to economic data.
President-Elect Donald Trump has criticized the US Inflation Reduction Act, vowing to cut funding for its climate initiatives, which provide substantial incentives for heat pumps and electric vehicles. While legally challenging to retract already allocated funds, the administration may attempt to withhold future awards, despite potential political backlash. Experts suggest that now is an opportune time for families to utilize these incentives, as the benefits are significant and widespread across states.
Nobel Prize-winning economists assert that a Kamala Harris-led economy would significantly outperform a Donald Trump administration, citing improvements in health, investment, and job opportunities. They highlight the Biden-Harris administration's historic job growth and effective management of post-pandemic inflation, contrasting it with Trump's policies, which are predicted to destabilize the economy and increase recession risks. The economists emphasize the positive impact of recent legislation like the Inflation Reduction Act and the Bipartisan Infrastructure Law on manufacturing and job creation.
Finance Minister Nirmala Sitharaman has asserted India's commitment to a neutral, non-aligned stance in global affairs, prioritizing national interests while fostering economic and strategic partnerships. Speaking at Columbia University, she outlined India's vision for leadership in technology, sustainability, and inclusive growth, aiming for a prosperous future by 2047, the centenary of independence. Sitharaman emphasized the importance of tailored sustainable solutions, reflecting India's diverse geo-climatic ecosystems.
Finance Minister Nirmala Sitharaman highlighted India's progress in reducing inequality, attributing it to government initiatives focused on financial inclusion, poverty alleviation, and infrastructure development. She noted that the number of adults with bank accounts has more than doubled since 2011, enhancing access to savings and credit. Key projects like Bharatmala and Sagarmala have further driven equitable growth and investment across the country.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.