You Searched For "Ethan Harris" and got 20 results
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3 mins read
The supply-demand gap is lifting prices so quickly that it's forcing a rethink of the economy, BofA says
Persistently high demand, not shortages, pose the biggest inflation risk, the bank said. That chang…
Ben Winck
3 mins read
The Fed should change up its playbook to keep the economy from overheating, BofA says
The Fed risks undermining "what should be a long-lasting inclusive recovery," famed economist Moham…
Ben Winck
2 mins read
It's probably too late to avoid negative economic growth in August, Bank of America says
"It will take some combination of bad data, bad markets, and good politics" to push much-needed sti…
Ben Winck
2 mins read
The coronavirus' resurgence could drag the US recovery into an L- or W-shaped trend, Bank of America says
The bank's economists expect half of the US to be impacted by the coronavirus' second wave when its…
Ben Winck
1 min read
BofA: No, The Fed Is Not Forcing People To Drink, Drive, Have Children, And Buy Stocks
We believe this chart is an example of "spurious correlation"-a high correlation between two series…
Sam Ro
2 mins read
5 Exaggerated Stories About The Fed
"Does the Fed change its reaction function every month?" asked Bank of America Merrill Lynch's Etha…
Sam Ro
1 min read
Donald Trump in 2010 letter to Harry Reid: 'You are amazing!'
President-elect Donald Trump wrote a letter to then-Senate Majority Leader Harry Reid of Nevada in …
Allan Smith
3 mins read
HARRY REID BREAKS SILENCE: Trump's election has 'emboldened the forces of hate and bigotry'
"Every news piece that breathlessly obsesses over inauguration preparations compounds their fear by…
Oliver Darcy
3 mins read
Calvin Harris defends girlfriend Taylor Swift in Twitter feud over Spotify profits
The post has since been deleted, but on Swift's picture was a quote about why she removed her …
Aly Weisman
2 mins read
Taylor Swift's boyfriend Calvin Harris congratulates her on 'changing the entire music industry'
Less than a day after her Tumblr post made waves throughout the media and music industry,…
Aly Weisman
1 min read
OpenAI executive says the company hasn't 'made GPT-4 dumber,' after Insider reported users complaining about degraded performance
OpenAI's Peter Welinder responded on Twitter after Insider reported GPT-4 users complaining that th…
Alistair Barr
1 min read
The Fed wants a recession and is desperate to convince markets it's serious about bringing inflation down, Bank of America chief economist says
"They told us they want a weak economy. I think that's a very friendly way of saying you want a rec…
Jennifer Sor
3 mins read
Student-loan payments are resuming in 3 months — and borrowers might not be ready for the 'sizeable shock' to their wallets
New reports from Bank of America and Morgan Stanley highlight the economic turmoil student-loan bor…
Ayelet Sheffey
3 mins read
The Fed's rate hike policy doesn't have many fans — but abandoning the inflation target would be a 'disaster' that brings the economy back to the 1970s, a Fed official says
The Fed says that the 2% inflation target is the most consistent with its mandate for "maximum empl…
Huileng Tan
3 mins read
The Supreme Court's rejection of Biden's student-loan-forgiveness plan will make a looming economic slowdown even worse
The Supreme Court struck down student-loan forgiveness. The impact on the economy will be felt well…
Ayelet Sheffey
2 mins read
The dollar's dominance is not part of a currency war and its strengthening is critical to lowering global inflation, Bank of America says
"Getting the US consumer and labor markets back into equilibrium is central to lowering global infl…
Jennifer Sor
2 mins read
A deep recession would be needed to bring down soaring inflation, and high prices are going to be very sticky, BofA says
"It is going to take time to cool off the labor market and even more time to lower labor cost-drive…
Phil Rosen
2 mins read
Bank of America breaks down how massive stimulus and a record savings rate could lead to the fastest economic recovery in US history
The fiscal reaction pegged to the current recovery has been larger and faster than after the last f…
Emily Graffeo
3 mins read
Wall Street is pumped about the metaverse. But critics say it's massively overhyped and will be a regulatory minefield.
Holding work meetings in the metaverse is "the sort of thing only a computer scientist could love,"…
Harry Robertson
2 mins read
President Joe Biden has a plan to protect Americans' retirements and savings from the 'urgent and systemic risk' of the climate crisis
Biden unveiled a report to fight the threat climate change poses to the economy, with one economist…