Jeremy Siegel criticized the Fed Chair for failing to control inflation and putting American workers at risk.
Siegel said that the Fed is"talking way too tough" and should be more worried about causing a recession than lagged inflation data.
"Honestly, I think Chairman Powell should offer the American people an apology for such poor monetary policy that he has pursued, and the Fed has pursued, over the past few years," Siegel said. The comments come after another 0.75 percentage point hike from the Fed last week, which brought the central bank's target range for its benchmark interest rate to 3%-3.25%.
Wharton Business School professor Jeremy Siegel criticized the Federal Reserve and its chairman Jerome Powell on Monday, saying that the U.S. central bank is moving too aggressively to fight inflation and will hurt American workers in the process.
"Honestly, I think Chairman Powell should offer the American people an apology for such poor monetary policy that he has pursued, and the Fed has pursued, over the past few years," Siegel said.Download NBC 5 Dallas-Fort Worth
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Jeremy Peña out of Astros' lineup for Orioles finaleThe shortstop cleared concussion protocol Saturday, but was held out as a cautionary...
Consulte Mais informação »
29-Year-Old Has Been Going To Different Friend's Wedding Every Weekend For Past 3 YearsSTAMFORD, CT—Speaking with reporters Friday after picking up his suit from the dry cleaners, 29-year-old Jeremy Wallace confirmed that he has spent every weekend for the past three years attending a different friend’s wedding. “There was Amy’s wedding last week, Tara’s the week before, and Eric’s before that, and I’m…
Consulte Mais informação »
Fed Chair Jerome Powell Says a 'Difficult Correction' Should Balance US Housing Market – Economics Bitcoin NewsThis week, U.S. Federal Reserve chair Jerome Powell hinted that the U.S. housing market needs a correction. Inflation Economics RealEstateCorrection
Consulte Mais informação »
Opinion | A Fossil Fuel Non-Proliferation Treaty Will Save Lives\u0022The climate crisis is a public health crisis... And poor people, and in particular poor people of color, are getting hit the hardest.\u0022
Consulte Mais informação »
Opinion | Direct Cash Transfers Lifted 28 Million Americans Out of Poverty During PandemicNevertheless, 112 million people in the United States were still poor or one emergency away from being poor in 2021, showing how far we have left to go, wrote shaillybarnes of unitethepoor and Kairos_Center.
Consulte Mais informação »
Low water levels at Hoover Dam, Glen Canyon Dam threaten power supplyWater and power supplies for tens of millions of American are being threatened as Lake Powell and Lake Mead water levels continue to drop.
Consulte Mais informação »