Jeanette Garretty on Bloomberg Radio
November 27, 2023 – Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg Daybreak Asia to discuss U.S. eco data/preview Fed. “I just want to highlight, I think it’s going to be an interesting meeting and I think there’s going to be a lot of dissent behind closed doors. Not when they make the […]
Jeanette Garretty on Bloomberg Daybreak: Australia
July 12, 2023 – Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg Daybreak: Australia discussing the outlook for the US economy as the inflation rate slid to a more than two-year low. “I think most of those trends, one of the things that makes this a good report is that when you look […]
Dow futures slump as election results tighten
MarketWatch by Joy Wiltermuth on November 4, 2020 Jeanette Garretty discusses the economic outlook in the midst of election returns. Garretty believes there is still uncertainty of the outcome, and investor focus will go back to the economy and the pandemic. “There seemed to be an expectation that there might be a blue wave,” said […]
Economic Outlook at Midyear
As seen in the WealthManagement 2020 MidYear Outlook Jeanette Garretty, Chief Economist, August 2020 Three enormously expensive and challenging projects confront the United States and the major developed economies in the next 18 months: 1) the repair and support of fragile economies and an ageing labor force, 2) the rebuilding of supply chains for strength […]
Investing for Future Growth
By Jeanette Garretty, Chief Economist July 21, 2020 – The Congressional Budget Office (CBO) regularly prepares long-term economic growth forecasts in order to fulfill its mandate to analyze the budgetary impact of current and proposed federal legislation. These forecasts utilize generally accepted or consensus projections of population growth, demographic trends, labor force participation rates, productivity, […]
The Value of Simplicity
By Jeanette Garretty, Chief Economist July 6, 2020 – Every soul-shaking event of the last twenty years – 9-11, the financial crisis of 2008-2009, the coronavirus pandemic – has been accompanied by a period of introspection regarding truly important things in our lives. The answers understandably are different for each individual, but there are often […]
Plain Speaking Powell
By Jeanette Garretty, Chief Economist June 16, 2020 – At a recent Stanford Institute for Economic Policy Research Associates Meeting, the distinguished Stanford economics professor and monetarist John Taylor described Fed Chairman Jerome Powell as “speaking his mind.” It is a characterization that comes up time-and-again, always as a compliment; the most powerful central banker […]
Consumer Confidence
By Jeanette Garretty, Chief Economist June 11, 2020 – Consumer spending is 70% of the US economy, as measured by US GDP, and the frequent repetition of this mantra by popular financial media, academics and Wall Street analysts alike is testimony to the sheer power of the fact. While economic sectors with smaller shares of […]
A Note About Employment and Unemployment
By Jeanette Garretty, Chief Economist June 10, 2020 – The most recent report on US labor market conditions by the Bureau of Labor Statistics (BLS), released on June 5 and reporting on employment and unemployment in May 2020, has provoked a torrent of commentary on the accuracy of the survey data. In this particular case, […]
A New Economy for a New Expansion
By Jeanette Garretty, Chief Economist Deliberately Provocative Thoughts on the Inevitable Future April 15, 2020 – Humans are an amazing species. Perhaps it goes back to the ancient motivation to hunt for the next mastodon – while ever-attempting to find a better way to put food on the table—that even in the depths of coping […]
Surveying the Battleground
By Jeanette Garretty, Chief Economist March 3, 2020 – The Federal Reserve decision to cut the Fed Funds Rate by 50 bps brings a number of economic and financial market forces into sharper focus. Reason dictates that the Fed is proactively ensuring adequate liquidity to economic and financial markets that are going to be challenged […]
Deficit Attention Disorder Redux
February 13, 2020 – The US Treasury Department has released federal budget deficit, receipts and outlays numbers for the first four months of the government’s fiscal year (October 2019 through January 2020) and they certainly deserve attention. However, the 25% increase in the federal budget deficit over that time period is really a headline-grabbing distraction resulting […]