Justin Lahart

speaker

1,185 appearances 22 recordings 1 series first heard Jul 2017 last heard Dec 2024

Justin Lahart’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Is the Fed Too Conservative in Growth Forecasts? · 27 Mar 2018 podcast

So that's a pretty low multiplier for all the money that's coming in. voice-verified

Right. voice-verified

And this is actually when people say, oh, well, you know, multipliers, these multipliers, right, they're low when the economy is sort of far along, sort of what they call late cycle. voice-verified

They say, oh, well, the multiplier is low. voice-verified

And that would mean, you know, that makes sense, right, because the economy throws off more heat because unemployment is so low. voice-verified

So the Fed has to raise rates more. voice-verified

But now if you look at what the Fed is saying, they're not saying that they're going to be raising rates all that much more than what they thought back in September. voice-verified

So they're not saying that. voice-verified

So something has got to give here. voice-verified

Right. voice-verified

Either you're going to get stronger growth or you're going to get more rate increases or maybe you're going to get a little bit of both. voice-verified

I suppose so. voice-verified

I mean, I think the other thing is people are just so cautious when it comes to forecasts. voice-verified

So these are the projections that the people voting on the Fed, the various governors of the different states, voice-verified

Federal Reserve banks are giving. voice-verified

I think there's sort of an inherent caution given how disappointing the economy has been throughout this recovery. voice-verified

So that may be holding them back. voice-verified

That might be ultimately what's going on. voice-verified

And there's also a caution about what kind of inflation they might get. voice-verified

Again, because inflation has just been so low for so long, even though voice-verified

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