Wolff, Da Costa: The Fed is ignoring clear warning signs
Labor strikes at refineries in France are escalating to a more serious level, with the country now being forced to tap into its strategic oil reserves. Venezuela has had to shed its gold reserves in exchange for cash, amidst a deepening economic recession. Ameera David reports. Boom Bust’s Bianca Facchinei details how the ‘Fight for 15’ is protesting at McDonald’s headquarters, as an Ex-McDonald’s CEO says raising the minimum wage will help robots take jobs. Edward Harrison talks to Pedro da Costa editorial fellow at the Petersen Institute for International Economics about the Fed’s desire to raise rates during a period of yield curve flattening.
After the break, Ameera is joined by Manhattan Venture Partners Chief Economist Max Wolff to talk further about the Fed’s reaction function. And in the Big Deal, Edward Harrison and Ameera discuss China’s economic slowdown.
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