Jacob A. Frenkel

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Last quote by Jacob A. Frenkel

Late normalization is costly, it creates distortions, it affects the financial markets, it gives superficial, artificial boosts to financial investments instead of real investments. After all, we want to see economic growth, we want to see job creation and this is only going to be done if there are investments in plants and equipment. Europe needs to have higher productivity, higher profitability and therefore a weaker euro is serving Europe. So it is in this case, the U.S. raising rates is helping Europe and it will end up in a virtuous cycle.feedback
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Mar 15 2017
Jacob A. Frenkel has most recently been quoted in an article called Fed will raise rates up to four times this year, says JPMorgan’s Frenkel. Jacob A. Frenkel said, “Economic activity in the U.S. is now much more robust than it was, the unemployment rate is at a very, very low level, the composition of unemployment is also healthy, the duration of unemployment is lower. And also inflationary pressures are now coming more towards the 2 percent target of the Fed. We are still very close to zero while the normal configuration is around 3 percent or so…one needs to take the journey to go there. We should not think about it as a single step, we should think about it as a journey, as a strategy.”. Jacob A. Frenkel has been quoted a grand total of 6 times in 3 articles.
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