CNBC Anchors and Reporters

Michael K. Farr

Michael Farr
President and majority owner, Farr, Miller & Washington LLC

Michael Farr is CEO and founder of Farr, Miller & Washington, LLC. He is Chairman of the Investment Committee and is responsible for overseeing the day to day activities of the firm. Prior to starting Farr, Miller & Washington, he was a principal with Alex, Brown & Sons.

Mr. Farr has appeared on The Today Show, Good Morning America, NBC's Nightly News, CNN, Bloomberg TV, Reuters, and the Nightly Business Report. Mr. Farr is heard on Associated Press Radio, CBS Radio and National Public Radio. And he has been quoted in The Wall Street Journal, Forbes, Fortune, The Washington Post, Businessweek, USA Today, and many other publications. His market blogs can be found on HuffingtonPost.com and Politico.com.

He is a member of the Economic Club of Washington, DC, National Association for Business Economics, The World Presidents' Organization, International Atlantic Economic Society, and The Washington Association of Money Managers.

Mr. Farr is an award-winning author of three books. The first,"A Million Is Not Enough," was published by Hachette Book Group USA in 2008. That was followed by "The Arrogance Cycle," released in September 2011 by Globe Pequot Press. His third book, "Restoring Our American Dream: The Best Investment," was released in March of 2013 by Headline Books Inc. and received a Finalist Award from the Next Generation Indie Book Awards in the Current Events/Social Change category.

Mr. Farr is currently Chairman of the Sibley Memorial Hospital Foundation and a Trustee of Sibley Memorial Hospital and of Sewanee, The University of the South. He is a current Director of Goal Financial, LLC and Atlas Financial Services Group, Ltd. He has formerly served as Vice Chairman of the Salvation Army, Chairman of the Travelers Aid Society, and Trustee of Ford's Theatre; Nation's Capital Progress Foundation; the Paul Berry Academic Scholarship Foundation; and Neediest Kids.

Mr. Farr is a graduate of the University of the South in Sewanee, Tennessee. He is married and has two children.

Follow Michael K. Farr on Twitter @Michael_K_Farr or contact Farr on his website.

More

  • For months investors have been speculating about when and how the Fed will begin to extricate itself from its aggressive intervention in the economy. As early as March 15, the Federal Reserve reiterated its commitment to buy $600 billion of Treasury securities through June as part of its ongoing monetary stimulus. However, several Fed governors have since expressed their reservations about continuing QE2 and the ultra-low interest rate policy that were keys to the stabilization of the housing market and the economy at large.

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    For most investors, investing is not a clever game; it is a treacherous necessity in preparing for retirement. Most folks don’t need to feel brilliant, and though they don’t like feeling stupid, they really don’t like losing their asses trying to invest in something they don’t understand.

  • wall_st_main_st_200.jpg

    This week's market action has left a lot to be desired. But given everything that is going on, we should probably be thankful. After falling some 4-5% from its recent highs, the S&P 500 remains in positive territory for the year.

  • My concern is that while the current data mirror the data we’ve seen during most historical recoveries, NONE of those recoveries was fueled so exclusively nor so extensively by Keynesian government dollars.

  • Chinese regulatory action is clearly a risk not only for investors in Chinese stocks, but also for investors in US stocks.

  • elderly woman with financial advisor

    The lion's share of our recent economic gains have accrued to the relatively rich, while moderate- and lower-income Americans continue to suffer from high unemployment, weak income growth, high debt burdens, falling home prices, reduced access to credit, and inadequate retirement savings.

  • I met yesterday with a retired three-star general who is still very active in US diplomacy. Of all his concerns in the Middle East, he felt the situation in Bahrain was the most volatile and dire.

  • President Obama proposed a 3.7 trillion dollar budget for 2012. Revenues to support that amount of spending are estimated to be about 2.6 trillion dollars. That represents proposed deficit spending of 1.1 trillion dollars in 2012 which would be an amazing improvement from the 1.645 trillion dollar estimated deficit of 2011.

  • The Federal Reserve headquarters in Washington, DC.

    Ben Bernanke, Chairman of the Federal Reserve, testified before Congress today and said that unemployment could remain elevated for quite a while. Moreover, he said that he needs to see “a sustained period of stronger job creation” before he considers the recovery firmly established. That sounds like it will be quite a while before the Chairman considers the recovery firmly established.

  • The Congressional Budget Office released its updated "Budget and Economic Outlook" last month for the next ten years....and for the entire forecast period, the cumulative deficit is now expected to be $1.44 trillion higher than under the prior CBO estimates.