The European Central Bank would do “a lot, lot more” in terms of easing monetary policy if it mimicked the aggressiveness of foreign counterparts, says David Mackie, chief European economist at JPMorgan Chase & Co.
Four economists, including a former Federal Reserve governor who has co-written research with Chairman Ben S. Bernanke, warned that losses from the central bank’s more than $3 trillion balance sheet could lead to the Fed losing control of monetary policy.
Federal Reserve Bank of Boston President Eric Rosengren said the Fed’s large-scale asset purchases help the nation’s fiscal outlook, which should be reflected in an analysis of remittances to the U.S. Treasury.
U.S. economic growth may quicken to more than 3 percent next year as consumers gain confidence and spend more on deferred purchases if Congress avoids the fiscal cliff, Deutsche Bank AG chief economist Peter Hooper said.
Deutsche Bank AG cut its global growth forecast to 2.9 percent for this year and 3.2 percent in 2013, citing stalled recoveries in the U.S. and Japan and planned American tax increases and spending cuts.
Peter Hooper, chief economist at Deutsche Bank Securities Inc., says there are "signs of bottoming" in the housing market. Hooper talks with Bloomberg's Ken Prewitt and Tom Keene on Bloomberg Radio's "Bloomberg Surveillance."