Hans Redeker also claimed the market is failing to understand the impact of the Federal Reserve unwinding its balance sheet. » Read More
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Mary Daly was named the San Francisco Fed's president, succeeding John Williams, who departed in June to lead the New York Fed. » Read More |
By: Victor Li, professor of economics, Villanova School of Business
Too-big-to-fail banks are bigger than ever. The Trump administration is deregulating rapidly. The revolving door between Wall Street and Washington is spinning faster. It is looking like financial-crisis history may repeat itself. » Read More |
Ten years after the global financial crisis, the world economy is in a "delicate balance" at risk of a central bank misstep or unresolved trade dispute, said Michael O'Grady, the CEO and president of Northern Trust.
The Federal Reserve likely will continue its gradual interest rate increases but will accelerate the pace if signs that financial imbalances continue to build, central bank Governor Lael Brainard says.
Federal Reserve Chairman Ben Bernanke, Treasury Secretary Hank Paulson and New York Fed President Timothy Geithner, all officials during the financial crisis, talked Wednesday to CNBC's Andrew Ross Sorkin on the 10th anniversary of the ordeal.
Ten years on from the crash of Lehman Brothers that heralded the Great Recession, market watchers are looking for clues as to where the root of the next crisis might lie. Some are pointing to a metric that's now at a record high — risky borrowers' debt-to-cash ratios.
When Lehman Brothers failed, the Fed took extreme actions to head off a collapse of the financial system, and the hangover of those policies could be with them well into the future.
Timothy Geithner, former president of the N.Y. Fed and former Treasury secretary under President Barack Obama, recalls the events leading up to the 2008 financial crisis, and its aftermath. He calls financial systems a "dark mirror" on society.
Former U.S. Treasury Secretary Hank Paulson describes the moment he knew Lehman Brothers' fall meant the global financial system was at risk.
The Fed needs to slow its roll to avoid "breaking" the economy, says James Bianco, president of Bianco Research.
"Whatever your strategic risk is," he says, "I'd be more defensive rather than more aggressive."
To keep things going, the Fed should not increase interest rates faster than the market expects, says the Bridgewater Associates founder.
When the banks began to fail in 2008, executives turned to Warren Buffett in a plea for last-minute funding. He later called what would happen next an "economic Pearl Harbor."
Average hourly earnings rose 2.9 percent in August as the economy added 201,000 jobs.
The Federal Reserve should continue to raise rates at a gradual pace should the U.S. economy continue to do well, Boston Fed President Eric Rosengren said Friday.
Investors could be in trouble heading into next year as the Federal Reserve continues to tighten monetary policy, Stifel's Barry Bannister writes.
Finally, the Fed may see the start of the inflation trend it's been waiting for — and that could provide some reinforcement for markets that it's seriously on a path to raise interest rates two more times this year and several more next year.
The best quarterly economic growth in four years may be "too good" and lead to an eventual market drag, the Leuthold strategist says.
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