While he doesn't see a recession coming, Langone says that one could trim excess out of the economy and provide a reset for healthier growth in the long run.
"We want to be careful that we don't get the world to believe we can manage the world into prosperity," said Langone, also co-founder ofWhile he doesn't see a recession coming, Langone said one wouldn't lead to complete turmoil, because it would trim excess out of the economy and provide a reset for healthier growth in the long run.that Wednesday's expected 0.25% Fed rate cut is unnecessary. "What this is all about is taking an aspirin before you have a headache.
Nevertheless, the markets see the Fed cutting rates again — due more to the dimming global economic outlook and risks from the ongoing U.S.-China trade war, than a quantifiable slowing in American growth.However, a Fed cut of that magnitude Wednesday
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Ken Burns Releases ‘Country Music’ DocumentaryExamining the genre’s century-long rise through a 16-hour, 8-part documentary, Ken Burns’ Country Music premiered on Sunday to critical acclaim that lauded the series’ ability to celebrate the musical form’s history while discussing its more fraught roots. What do you think?
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