Topic: Mark Zandi

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Goldman Sachs: 35% chance Trump policies will spike inflation, lead to recession

U.S. News // 3 weeks ago

Goldman Sachs: 35% chance Trump policies will spike inflation, lead to recession

Investment bank Goldman Sachs has warned that U.S. President Donald Trump's sweeping new tariffs may spike inflation and shrink the economy in coming months to the point of a recession.

Fed Chair Powell says interest rate cut made to maintain strong U.S. economy

U.S. News // 7 months ago

Fed Chair Powell says interest rate cut made to maintain strong U.S. economy

Federal Reserve Chair Jerome Powell said during a Wednesday press conference that the first interest rate cut since 2020 is designed to maintain the strong U.S. economy.

Federal Reserve keeps interest rates unchanged as it watches inflation data

U.S. News // 1 year ago

Federal Reserve keeps interest rates unchanged as it watches inflation data

A "bumpy road" and recent rise in inflation caused the Federal Reserve to hold steady on interest rates on Wednesday, Federal Reserve Chairman Jerome Powell announced during an afternoon news conference.

U.S. economy grew by 2.6% in third quarter

U.S. News // 2 years ago

U.S. economy grew by 2.6% in third quarter

Easing fear temporarily of a recession, the U.S. economy posted its first quarterly gain in 2022, beating estimates from Wall Street on Thursday.

U.S. economy added almost 430,000 jobs in April, soundly beating expectations

U.S. News // 2 years ago

U.S. economy added almost 430,000 jobs in April, soundly beating expectations

The economy added almost 430,000 jobs during the month of April, the Labor Department said in its monthly report Friday -- solidly exceeding most economists' expectations and showing that the job market remains strong.

ADP-Moody's: More than 570,000 private jobs added in October

U.S. News // 3 years ago

ADP-Moody's: More than 570,000 private jobs added in October

More than 570,000 private-sector jobs were added in the United States during the month of October, ADP and Moody's Analytics said Wednesday in their monthly jobs report.

U.S. added 374,000 private jobs in August, report shows

U.S. News // 3 years ago

U.S. added 374,000 private jobs in August, report shows

The U.S. economy added 374,000 private jobs during the month of August, ADP and Moody's Analytics said Wednesday in their monthly labor assessment -- a little more than half of what analysts were expecting.

U.S. economy grew 6.4% in 1st quarter; 2nd-largest gain of COVID-19 era

U.S. News // 3 years ago

U.S. economy grew 6.4% in 1st quarter; 2nd-largest gain of COVID-19 era

Economic activity in the United States increased by more than 6% over the first three months of 2021, the Commerce Department said in its quarterly report Thursday -- the second-largest increase of the COVID-19 era.

ADP-Moody's: U.S. added 2.4 million jobs in June

U.S. News // 4 years ago

ADP-Moody's: U.S. added 2.4 million jobs in June

The U.S. economy added 2.4 million jobs during the month of June, ADP and Moody's Analytics said in their monthly report Wednesday.

Private employment increases by 183,000 in February

U.S. News // 5 years ago

Private employment increases by 183,000 in February

Private sector employment increased by 183,000 jobs in February, helped by the hiring in large companies, according to the latest ADP National Employment Report released Wednesday.

Quotes

I would extend the tax cuts for everyone, at least in 2011. I wouldn't raise the taxes next year when the recovery is so fragile
Tax cut debate has pundits busy Sep 02, 2010

Nor do I think households are going to be interested in taking on a lot of debt
Economic Outlook: Neither a lender nor ... Aug 15, 2011

Significant government spending restraint is vital, but given the still halting economic recovery, it would be counterproductive for that restraint to begin until the economy is creating enough jobs to bring down the still very high unemployment rate
Economist: GOP plan would cost 700K jobs Feb 28, 2011

No form of fiscal stimulus has proved more effective during the past two years than emergency UI benefits, providing a bank for the buck of $1.61 -- that is, for every $1 in UI benefits, gross domestic product is increased by an estimated $1.61
Pelosi lobbies for benefits extension Jul 07, 2010

I think if the tax cuts expire for everybody, then we'll be back in recession, no doubt
Tax cut debate has pundits busy Sep 02, 2010

Mark Zandi is an American economist and co-founder of Moody's Economy.com, a widely-cited source of economic analysis.. Moody's Economy.com is part of Moody's Analytics. Prior to founding Economy.com, Zandi was a regional economist at Chase Econometrics.

He was born in Atlanta, Georgia of Iranian descent and grew up in Radnor, Pennsylvania. He attended Upper Merion High School where he earned his diploma. Zandi received B.S. and Ph.D. degrees in economics from the University of Pennsylvania. His surname of "Zandi" comes from the Zand dynasty (formally known as the Zandieh dynasty), which ruled southern and south-central Iran (1750–1794) in the eighteenth century.

Zandi's analysis of the impact of an economic stimulus package on the United States economy was cited by Christina Romer and Jared Bernstein in their report on President Barack Obama's proposed American Recovery and Reinvestment Plan. Zandi uses old-style Keynesian models in the spirit of Nobel Prize winner Lawrence Klein. The utility of such models to gauge the impact of fiscal stimulus has been questioned by Harvard economist Robert J. Barro.

FULL ARTICLE AT WIKIPEDIA.ORG

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