Jordan on Global, U.S. Economies and Budget Deficit
Oct. 16 (Bloomberg) -- John "Jay" Jordan, chairman and founder of Jordan Co., talks about the outlook for the global and U.S. economies, and the U.S. budget deficit and presidential election. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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Trump's View of U.S. Economy Is Flawed, Says Posen
47:40 - The Federal Reserve looks poised to forgo a chance to prove its favorite points. A rate hike at the Federal Open Market Committee’s Nov. 1-2 meeting would show they mean what they say. Economic data have been strong since it met last month. The decision comes just days before the U.S. presidential election. Inflation is below the Fed’s 2 percent goal, reducing the urgency for action. What’s more, the committee has a meeting in mid-December, so officials could wait to see how markets react to a White House win by either Republican Donald Trump or Democrat Hillary Clinton and still be able to deliver a rate rise in 2016. Peterson Institute President Adam Posen discusses the U.S. election with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."