29 06, 2021

Who Will Be the Next Fed Chief? – Wesbury’s Outlook

By |2021-06-29T00:55:13-04:00June 29th, 2021|Debt, Economist, Fed Reserve, Financial, Governments, Interest Rates, Outlook, Policy|0 Comments

One of the key decisions President Biden will make later this year is who is going to run the Federal Reserve for the next four years. Current Fed chief Jerome Powell's term as chairman runs out in February 2022. We think the choice will ultimately come down to two people: Roger Ferguson or Jerome Powell. [...]

7 04, 2021

Jobs Are Booming – Wesbury’s Outlook

By |2021-04-07T00:39:12-04:00April 7th, 2021|Debt, Economist, Fear, Financial, Governments, International, Outlook, Spending|0 Comments

When the scientists said "15 days to slow the spread," some of us actually believed that by Easter the shutdowns would end. That was last year. Now, a full year, and $5 trillion in government spending later, we may finally be getting our wish. On Good Friday, the Bureau of Labor Statistics released the March [...]

4 08, 2020

Don’t Play GDP Politics – Wesbury’s Outlook

By |2020-08-04T11:02:57-04:00August 4th, 2020|Debt, Economist, Financial, Governments, Media, Outlook|0 Comments

These days, pretty much everything is hyper-political, including death rates from disease, wearing masks, opening schools, whether some demonstrations are "mostly peaceful" or "violent," and now GDP. Late last week, plenty of headlines blared that real GDP declined 32.9% in the second quarter, suggesting that our country's output of goods and services was roughly 1/3 [...]

1 06, 2020

More Green Shoots – Wesbury’s Outlook

By |2020-06-01T15:39:10-04:00June 1st, 2020|Economist, Financial, GDP, Governments, Media, Outlook, Uncategorized|0 Comments

A full recovery from the COVID-19/Shutdown Crisis is going to take a long time. We don't anticipate reaching a new peak for real GDP until the end of 2021; we don't anticipate a 4% unemployment rate until 2024. However, there is a growing amount of evidence that the economy may have hit bottom in May. [...]

30 03, 2020

The Coronavirus Threat – Wesbury’s Outlook

By |2020-03-30T12:39:27-04:00March 30th, 2020|Debt, Fear, Financial, GDP, Governments, International, Outlook|0 Comments

Total deaths in the US from COVID19 look like they'll hit at least 3,000 by the end of March. A potentially brutal April lies ahead. In the meantime, the measures taken to limit deaths have temporarily tanked the US economy. Initial claims for jobless benefits soared to 3.283 million per week, easily the highest ever. [...]

16 03, 2020

Fed Fires Bazooka at Coronavirus – Brian Wesbury

By |2020-03-16T13:42:05-04:00March 16th, 2020|Fear, Fed Reserve, Governments, Interest Rates, Media, Outlook|0 Comments

Brian S. Wesbury, Chief Economist Robert Stein, Deputy Chief Economist Date: 3/16/2020 Back in July 2008, then-Treasury Secretary Hank Paulson said he wanted a "bazooka" to deal with financial threats to Fannie Mae and Freddie Mac. Paulson wanted Congress to give him an unlimited credit line for these enterprises. This time around, it's the Federal [...]

26 06, 2019

Wesbury’s Outlook – This Crazy Rate Cut

By |2019-06-26T11:14:20-04:00June 26th, 2019|Fed Reserve, Financial, Governments, Interest Rates, Outlook, Uncategorized|0 Comments

The narrative that the U.S. economy is in trouble – some say teetering on the edge of recession - has become so powerful and persuasive that few investors give it a second thought. So of course, they believe, the Fed should cut interest rates. We haven't seen anything like it since the Fed was hiking [...]

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