Pete Buttigieg
Buttigieg shifts focus, Interest rate winners and losers
Tuesday 25 February 2020 – Vol.11 Ed.9.1
Commentary: Buttigieg positions himself as Obama successor
By Darrell Delamaide in Washington
Pete Buttigieg has used his New Hampshire rallies to burnish his centrist credentials and start talking about the budget deficit. As in ‘the time has come’ for Democrats to do something about it. Current ultra-low interest rates, however, have made the huge gap between federal spending and income something of a non-issue. Moreover, modern monetary theory has seeped into progressive Democratic thinking, leaving it unconcerned about deficits.
Read the full commentary on the website.
Meeting: Winners and losers in the low-interest environment
Katrik Athreya
Wednesday 26 February, New York, 11:00-12:30 EST
A decade of low interest rates and revised monetary policy has altered the relationships among economic actors and institutions, thereby affecting conventional thinking about financial markets. Kartik Athreya, executive vice-president and director of research at the Federal Reserve Bank of Richmond, will discuss the future of monetary policy, winners and losers in the low-rate environment, and how the next recession could affect the financial landscape.
Request to attend the meeting.
