Economy News: Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts

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Details: Written by Bing News Search Results; Category: Economic News Reports; Published: 08 May 2024; Created: 08 May 2024; Last Updated: 08 May 2024

The economy is not doing what we expected it to do, which is cave,” he said. “And it’s very simple, and why Americans have jobs, their balance sheets are fixed. They have fixed-rate mortgages. They’ve got $235 billion of interest income from their cash that’s sitting in money-market accounts earning 5%.
Economy News: Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts

Economy News: Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts

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Posted: 2024-05-08 01:45:00

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IMF Video: Falling Private Debt: 2024 Global Debt Database

Play Video: Falling Private Debt: 2024 Global Debt Database

Launch of the 2024 IMF Global Debt Database—the most comprehensive debt data in the world. A panel discussion with the IMF’s Vitor Gaspar, S&P Global’s Ruth Yang, Brookings’ Gian Maria Milesi-Ferretti, and LSE’s Luiz Awazu Pereira da Silva, moderated by the FT’s Chris Giles.

Published: 4th Dec 2024 03:07:55 By: IMF

IMF Video: Closing Session - 12th IMF Statistical Forum: Measuring the Implications of AI on the Economy

Play Video: Closing Session - 12th IMF Statistical Forum: Measuring the Implications of AI on the Economy

AI for all – navigating the unevenness in adopting AI

Published: 22nd Nov 2024 09:14:17 By: IMF

IMF Video: Navigating the Evolving Geoeconomic Landscape in the Caucasus and Central Asia

Play Video: Navigating the Evolving Geoeconomic Landscape in the Caucasus and Central Asia

Growth in the Caucasus and Central Asia remains robust and broad-based. Still, the region is exposed to geoeconomic developments and countries face heightened uncertainty amid tentative signs that trade, financial flows, and migration patterns are changing. Moreover, boosting medium-term growth will require effective reform implementation. In this context, what policies and reforms can help countries create a predictable environment conducive to investment and sustainable economic growth? A distinguished panel of speakers explores these pivotal issues and many more from the IMF’s latest Regional Economic Outlook for the Middle East and Central Asia and take questions from the audience during the Q&A portion of the event.

Published: 22nd Nov 2024 02:08:42 By: IMF

IMF Video: Перспективы развития региональной экономики стран Центральной Азии и Кавказа. Три важных факта

Play Video: Перспективы развития региональной экономики стран Центральной Азии и Кавказа. Три важных факта

Директор Департамента стран Ближнего Востока и Центральной Азии МВФ Джихад Азур выделяет три ключевых факта, касающихся перспектив экономического развития стран Ближнего Востока и Северной Африки. С полным текстом доклада вы можете ознакомиться по ссылке: https://www.imf.org/ru/Publications/REO/MECA/Issues/2024/10/24/regional-economic-outlook-middle-east-central-asia-october-2024

Published: 21st Nov 2024 07:22:33 By: IMF

IMF Video: Central Asia and Caucuses Regional Economic Outlook: Three Essential Facts

Play Video: Central Asia and Caucuses Regional Economic Outlook: Three Essential Facts

Jihad Azour, IMF’s Director of the Middle East and Central Asia Department, outlines three key facts about the economic outlook for the Middle East and North Africa. You can read the full report: https://www.imf.org/en/Publications/REO/MECA/Issues/2024/10/24/regional-economic-outlook-middle-east-central-asia-october-2024

Published: 21st Nov 2024 04:24:05 By: IMF

World Economic Forum Video: Safeguarding Green Spaces & Heavy Industries Push for Net Zero | WEF | Top Stories of the Week

Play Video: Safeguarding Green Spaces & Heavy Industries Push for Net Zero | WEF | Top Stories of the Week

This week's top stories of the week include: 0:15 How corruption damages society – Corruption is a pervasive issue that undermines societies, economies, and governance. Defined as the abuse of entrusted power for personal gain, it has far-reaching consequences that go beyond financial losses. Understanding its impact and adopting strategies to fight it are critical to creating more equitable and sustainable societies. 4:29 Tips for safeguarding green spaces – Just 37% of the world’s 500 most populous cities have developed a dedicated strategy around nature and biodiversity preservation. Travis Beck is Chief Park Officer at the Presidio, a historic national park site in California’s San Francisco Bay Area. He discusses 3 ways the park is safeguarding its future under his watch. 7:24 Heavy industries push for net zero – Eight heavy-emitting sectors account for around 40% of global greenhouse gas emissions. These sectors play a key role in the global economy. Demand is set to rise more than 60% by 2050, so it’s imperative to make them more sustainable. How are they getting on? The Net Zero Industry Tracker has the answers. 10:42 Impact of climate change on profits – Researchers have calculated the business risks posed by climate hazards such as extreme weather, which pose a threat to companies’ fixed assets such as property, machinery and equipment. Together, these losses could cut 7% from companies’ profits every year by 2035, half as much as the losses incurred during the worst of the COVID-19 pandemic. _____________________________________________ The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/ Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 21st Dec 2024 01:01:01 By: World Economic Forum

World Economic Forum Video: How do we make the green transition fair for everyone?

Play Video: How do we make the green transition fair for everyone?

A sustainable future is not just about going green—it’s about fairness, equity, and ensuring no one is left behind. From empowering workers with green skills to addressing economic inequalities, the Equitable Transition Initiative brings leaders together to create a future that’s both sustainable and fair. Watch our film and learn more about how we’re making this vision a reality at the Equitable Transition Initiative: : https://initiatives.weforum.org/equitable-transition-initiative/home The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/ Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #InclusiveGrowth #ClimateAction #EnergyTransition #GreenSkills #wef25

Published: 20th Dec 2024 04:08:00 By: World Economic Forum

World Economic Forum Video: A music superstar, romance fraud, and life-changing advice: highlights from the Forum's podcasts ...

Play Video: A music superstar, romance fraud, and life-changing advice: highlights from the Forum's podcasts ...

One of the biggest names in music talks about AI and human soul. The victim of the 'Tinder Swindler' highlights a multi-billion dollar cyber crime. And leaders from business and civil society share life-changing advice. In 2024, some of the brightest minds spoke to the World Economic Forum's podcasts Radio Davos and Meet the Leader. In this 'Best Of' episode, podcast hosts Robin Pomeroy and Linda Lacina each select three highlights from a busy year. Featured episodes: AI vs Art: Will AI rip the soul out of music, movies and art, or help express our humanity? (https://www.weforum.org/podcasts/radio-davos/episodes/ai-vs-art-nile-rodgers-hollywood/) Build a culture of innovation: HPE's CTO shares what must be in place (https://www.weforum.org/podcasts/meet-the-leader/episodes/fidelma-russo-innovation-cto/) Tinder Swindler: how 'romance fraud' became a multi-billion dollar cybercrime (https://www.weforum.org/podcasts/radio-davos/episodes/tinder-swindler-romance-fraud-cybercrime/) IKEA HR chief shares decades of career lessons learned and what’s needed to bridge the gender equity gap (https://www.weforum.org/podcasts/meet-the-leader/episodes/ulrika-biesert-ingka-group-gender-equity/) Can climate action survive geopolitical upheaval? (https://www.weforum.org/podcasts/radio-davos/episodes/gfc-geopolitics-climate-global-south/) How to motivate your team - from an organization with 17 million volunteers (https://www.weforum.org/podcasts/meet-the-leader/episodes/jagan-chapagain-red-cross-red-crescent-disaster-insurance/) Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164 Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560 Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552 Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

Published: 19th Dec 2024 05:29:43 By: World Economic Forum

World Economic Forum Video: Skills in the Age of AI

Play Video: Skills in the Age of AI

By 2027, businesses predict that almost half (44%) of workers’ core skills will be disrupted. From AI tutors to lifelong learning schemes, what approaches and opportunities hold the greatest potential to close gaps and prepare people for tomorrow’s economy? This session has been developed in collaboration with CNBC. This is the full audio from a session at the Annual Meeting of the Global Future Councils 2024 in Dubai on 17 Oct, 2024. Watch it here: https://www.weforum.org/meetings/annual-meeting-of-the-global-future-councils-2024/sessions/skills-in-the-age-of-ai/ Speakers: Nela Richardson, Chief Economist and Environmental, Social and Governance (ESG) Officer, ADP Dan Murphy, Anchor and Correspondent, CNBC Stuart Russell, Professor of Computer Science, University of California, Berkeley Jo O'Driscoll-Kearney, Chief Learning Officer, Majid Al Futtaim Holding Abdallah Abu Sheikh, Founder and Chief Executive Officer, Astra Tech Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164 Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560 Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552 Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

Published: 16th Dec 2024 08:41:09 By: World Economic Forum

World Economic Forum Video: Open-Source Tool Maps Floods & Climate-Smart Farming | WEF | Top Stories of the Week

Play Video: Open-Source Tool Maps Floods & Climate-Smart Farming | WEF | Top Stories of the Week

This week's top stories of the week include: 0:15 Open-source tool maps floods – After a catastrophic storm hit Thessaly in 2023, a local team used this digital platform to gather and collate information. This helped assess the damage, identify community needs and organize local volunteers. Ushahidi’s open-source platform crowdsources and collates reports from people on the ground so people can analyse and act on this data in real time. 3:06 Cities introduce ‘night mayors’ – More than 80 cities now have a night mayor, night czar or nightlife director with a mandate to make cities safe, vibrant and prosperous all through the night. This can involve managing high-spirited party-goers and providing reliable transport for night workers. As well as acting as a liaison for police, residents and businesses. 6:00 Quantum computing in medicine – Quantum simulators can model incredibly complex events, such as how molecules and atoms interact and how a new drug will behave when administered. They can simulate the molecular structure of a drug and its potential target proteins in the human body enabling researchers to predict how the drug will bind to its target and its potential therapeutic effect. 7:55 4 tips for climate-smart farming – Around the world, farming is a profession under pressure. The natural resources on which farming depends are under pressure. Climate-friendly agriculture can help provide a sustainable future for the planet and for farmers’ livelihoods. This approach is taking root on large farms in advanced economies. _____________________________________________ The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/ Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 14th Dec 2024 01:00:55 By: World Economic Forum

Reuters Video: Amazon faces huge US strike at height of holiday shopping season | REUTERS

Play Video: Amazon faces huge US strike at height of holiday shopping season | REUTERS

Thousands of Amazon workers in the US will walk off the job on Thursday morning, in the crucial final days of the holiday season, after union officials said the retailer failed to come to the bargaining table to negotiate contracts. #amazon #strike #union #workers #employees #contracts #News #World #Business #Technology #Reuters #Newsfeed Read the story here: https://reut.rs/4fpKl6M 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 19th Dec 2024 06:08:25 By: Reuters

Reuters Video: Stocks skid after Fed signals it will slow down its easing | REUTERS

Play Video: Stocks skid after Fed signals it will slow down its easing | REUTERS

US stocks plunged after the Federal Reserve signaled that it would cut rates totaling a half percentage point by the end of 2025 in view of its economic projections. #News #Reuters #Newsfeed #stocks #business #markets Read the story here: https://reut.rs/3ZQ9DWa 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 19th Dec 2024 12:45:06 By: Reuters

Reuters Video: Powell signals he won't succumb to pressure from Trump, CIO says | REUTERS

Play Video: Powell signals he won't succumb to pressure from Trump, CIO says | REUTERS

Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, said that by indicating just two planned rate cuts for 2025, Federal Reserve Chair Jerome Powell "is telling the marketplace, 'I'm my own person.'" Lisa Bernhard has more. #News #federalreserve #powell #usamarkets #Reuters #Newsfeed Read the story here: 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 18th Dec 2024 10:11:02 By: Reuters

Reuters Video: Fed cuts rates by a quarter point, says pace of cuts to slow | REUTERS

Play Video: Fed cuts rates by a quarter point, says pace of cuts to slow | REUTERS

The US Federal Reserve cut interest rates and signaled it will slow the pace at which borrowing costs fall any further, given a relatively stable unemployment rate and little recent improvement in inflation. #News #federalreserve #jeromepowell #usa #markets #interestrates #Reuters #Newsfeed Read the story here: https://reut.rs/4gEsYQK 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 18th Dec 2024 09:32:25 By: Reuters

Reuters Video: AI Weekly: The trillion-dollar club | REUTERS

Play Video: AI Weekly: The trillion-dollar club | REUTERS

From the chipmaker chasing Nvidia to the man making Donald Trump a very big promise, these were the week's big stories from the AI revolution. #News #Reuters #Newsfeed #ai #tech #technology #trump #elonmusk Read the story here: https://reut.rs/4glfrhg 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 18th Dec 2024 07:30:45 By: Reuters

Business Video: ‘Ridiculous’: Business owner responds to government shutdown threat

Play Video: ‘Ridiculous’: Business owner responds to government shutdown threat

North Carolina restaurant owner Katie Button discusses what the disaster aid in the government funding bill means for hard-hit areas after Hurricane Helene. The US is just hours away from a government shutdown unless a funding plan is passed to avoid it. The House failed Thursday to pass a new Donald Trump-backed GOP proposal to fund the government into March, intensifying the threat of a shutdown ahead of the midnight deadline. #CNN #News

Published: 20th Dec 2024 05:10:28 By: CNN

Business Video: Woman took Ozempic for her diabetes. Then, she experienced an unexpected side effect

Play Video: Woman took Ozempic for her diabetes. Then, she experienced an unexpected side effect

CNN's Nick Watt talks to a woman who describes what she says happened after she started taking Ozempic for her diabetes. #CNN #News

Published: 20th Dec 2024 03:53:19 By: CNN

Business Video: Health insurance exec quits over industry practices

Play Video: Health insurance exec quits over industry practices

Former health insurance company executive Wendell Potter speaks to CNN’s Jake Tapper about what he witnessed as a health insurance executive that made him quit. #cnn #news

Published: 19th Dec 2024 12:33:05 By: CNN

Business Video: John Bolton reacts to NYT reporting on Elon Musk, SpaceX facing federal reviews

Play Video: John Bolton reacts to NYT reporting on Elon Musk, SpaceX facing federal reviews

Former Trump national security adviser John Bolton joins CNN’s Kaitlan Collins to react to New York Times reporting that federal agencies have opened reviews of Elon Musk and SpaceX, looking into alleged repeated failures to comply with government protocols that protect US state secrets. #CNN #News

Published: 18th Dec 2024 03:00:43 By: CNN

Business Video: Trump sues Iowa newspaper over poll that showed him losing

Play Video: Trump sues Iowa newspaper over poll that showed him losing

President-elect Donald Trump is escalating his legal campaign against media outlets by suing renowned pollster J. Ann Selzer, her polling firm, The Des Moines Register newspaper and its parent company Gannett. Harvard Law School professor Laurence Tribe joins CNN’s Erin Burnett to discuss. #CNN #News

Published: 18th Dec 2024 01:30:14 By: CNN

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Economy News: Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts - Newscast

Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts

Wed, 08 May 2024 15:07:00 GMT That’s real-estate mogul Barry Sternlicht ... interest rates in this economy. “He has to be super careful because his tools — his tool kit is flawed,” Sternlicht said Wednesday during ...

Real-estate billionaire Barry Sternlicht offers a solution to the U.S. inflation problem: ‘Tell Congress to stop spending money like drunken sailors’

Thu, 07 Mar 2024 10:25:00 GMT But don’t worry: Barry Sternlicht ... and the list goes on—Sternlicht now seems to believe Powell’s tools are just devastating key segments of the economy, including the one he operates ...

The Fed 'went crazy' with rates and did big damage to the real estate market, billionaire mogul Barry Sternlicht says

Thu, 07 Mar 2024 06:24:00 GMT The commercial real estate market is hurting, and that's largely thanks to the Federal Reserve's aggressive rate hikes which have battered the economy, real estate billionaire Barry Sternlicht said.

Billionaire Barry Sternlicht's firm just defaulted on a $200 million office mortgage amid mounting commercial-property stress

Thu, 20 Jul 2023 00:55:00 GMT Billionaire investor Barry Sternlicht ... work trends persist. Sternlicht himself, has been vocal about rising interest rates and the effect the trend will have on the US economy.

The US government should start paying people to go back to work to help ease the labor shortage, billionaire investor Barry Sternlicht says

Thu, 14 Oct 2021 03:08:00 GMT according to billionaire Barry Sternlicht, whose investment fund Starwood Capital operates hotels. The labor shortage is "going to cripple" the economic recovery from the pandemic, he told CNBC.

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