The Fed is in no hurry to keep cutting towards neutral, says Paul McCulley
Paul McCulley, former PIMCO chief economist, and CNBC’s Steve Liesman join 'The Exchange' to discuss outlooks on the economy, ...
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Hawkish Fed rhetoric will make markets 'do the tightening,' says Georgetown's McCulley
Paul McCulley, former chief economist at Pimco and Georgetown professor, and CNBC's Steve Liesman, join 'The Exchange' to discuss how the Fed should handle interest rates in 2025, the debate over ...
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MMT AND THE EURO: Are Current Account Imbalances to Blame for the Euro Disaster? Part 1
Two weeks ago I cited Paul McCulley’s claim that MMT got it right. I followed that up last week with Brad DeLong’s claim that we’re all Minskians now. Two weeks ago I cited Paul McCulley’s ...
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What’s a Minsky Moment and Why Are There Worries About One?
(It was during that crisis that Paul McCulley, then an economist at Pacific Investment Management Co., coined the term “Minsky moment.”) The global financial crisis of 2007-2008 is considered ...
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What Is Shadow Banking?
The term “shadow bank” was coined by economist Paul McCulley in a 2007 speech at the annual financial symposium hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. In McCulley’s ...