POPULARITY
Among the many promises President-elect Donald Trump laid out on the campaign trail: clawing back unspent money from the Inflation Reduction Act, which has poured billions into the clean energy sector. But much of those funds is destined for red states and red counties, and the politics of stopping the money will be tough. Also on the program: a look at how the economy factored into voting decisions with Karen Petrou.
Karen Petrou, the managing partner at Federal Financial Analytics and a long-time observer of banking and regulation, says banks need to do far more due diligence on potential fintech partners and exert more control over these relationships.
Karen Petrou, the new board chair at the Foundation, talks to host Ben Shaberman about her vision for the Foundation moving forward. Karen has been an active director on the Foundation's board for nearly two decades. She is co-founder and managing partner of Federal Financial Analytics, a firm providing analytical and advisory services on legislative, regulatory, and public-policy issues affecting financial services companies. Karen has RP and lives in Washington, DC, with her guide dog, Ike.
VISIONS 2024 | Karen Petrou "Vision for the Future" by Foundation Fighting Blindness
Lawmakers on Senate Banking Committee yesterday grilled bank supervisors and other government financial regulators over alleged failures in oversight leading up to the recent bank collapses. Karen Petrou, managing partner at Federal Financial Analytics, walks us through what’s been said so far — and what could be in store for today’s hearing. Plus, housing prices remain all too high for many people, but recent data suggest a tapering in the rate of rent inflation. And, a look at the economic and environmental effects of having a lead smelting plant in the Los Angeles area, one of the few remaining in the country.
Lawmakers on Senate Banking Committee yesterday grilled bank supervisors and other government financial regulators over alleged failures in oversight leading up to the recent bank collapses. Karen Petrou, managing partner at Federal Financial Analytics, walks us through what’s been said so far — and what could be in store for today’s hearing. Plus, housing prices remain all too high for many people, but recent data suggest a tapering in the rate of rent inflation. And, a look at the economic and environmental effects of having a lead smelting plant in the Los Angeles area, one of the few remaining in the country.
Since the collapse — and subsequent government takeover — of Silicon Valley Bank on Friday, the fallout on the wider financial system has led to a new federal lending program and the shutdown of Signature Bank. We talk with Karen Petrou, managing partner at Federal Financial Analytics, about what steps regulators have taken in the wake of the debacle — and what they may have missed in the leadup to the chaos. And, a word from the UK’s top financial official on HSBC’s acquisition of SVB’s operations in that country.
Since the collapse — and subsequent government takeover — of Silicon Valley Bank on Friday, the fallout on the wider financial system has led to a new federal lending program and the shutdown of Signature Bank. We talk with Karen Petrou, managing partner at Federal Financial Analytics, about what steps regulators have taken in the wake of the debacle — and what they may have missed in the leadup to the chaos. And, a word from the UK’s top financial official on HSBC’s acquisition of SVB’s operations in that country.
The e-cigarette maker hasn’t admitted to any wrongdoing, however. Karen Petrou of Federal Financial Analytics stops in to talk about the effects of the Georgia runoff results as well as economic inequality. We check in on the grim revenue projections for movie theaters.
The e-cigarette maker hasn’t admitted to any wrongdoing, however. Karen Petrou of Federal Financial Analytics stops in to talk about the effects of the Georgia runoff results as well as economic inequality. We check in on the grim revenue projections for movie theaters.
Today is the eve of Fed Chair Jerome Powell’s speech, where he’s expected to lay out the current economic landscape and offer hints as to what the Fed might do with it in a couple of weeks. For more, we talk with Karen Petrou of Federal Financial Analytics. The BBC examines China’s renewed focus on vaccines as it deals with uproar over its zero-COVID restrictions.
Today is the eve of Fed Chair Jerome Powell’s speech, where he’s expected to lay out the current economic landscape and offer hints as to what the Fed might do with it in a couple of weeks. For more, we talk with Karen Petrou of Federal Financial Analytics. The BBC examines China’s renewed focus on vaccines as it deals with uproar over its zero-COVID restrictions.
On this week’s Few & Far Between podcast episode, Biorasi’s CEO, Chris O'Brien, welcomes Karen Petrou and David Brint for an in-depth discussion on BioBonds and how they can jumpstart funding in clinical research for rare disease and other disorders.
The Fed has talked about tapering for a while in regards to economic stimulus, and now it’s going to happen. We spoke to Karen Petrou of Federal Financial Analytics about it. Diane Swonk offers up some insight for our discussion about the markets on the eve of Friday’s jobs report. Airbnb is set to announce its earnings, and it’s also trying to make efforts to get on the good side of communities. We take a closer look at how the cap and trade system deals with carbon emissions.
The Fed has talked about tapering for a while in regards to economic stimulus, and now it’s going to happen. We spoke to Karen Petrou of Federal Financial Analytics about it. Diane Swonk offers up some insight for our discussion about the markets on the eve of Friday’s jobs report. Airbnb is set to announce its earnings, and it’s also trying to make efforts to get on the good side of communities. We take a closer look at how the cap and trade system deals with carbon emissions.
Interest rates, inflation, employment. That's where the Fed formally flexes its power. That's also why Karen Petrou says it's an 'engine of inequality.' Could that change? Karen Petrou and Jeffrey Lacker join Meghna Chakrabarti.
Delta Airlines is charging its unvaccinated employees $200 per month if they’re on the airline’s insurance. We ask if that kind of penalty-based approach could have the desired effect. Only about 11% of the money allocated to aid renters has gone out. We talk to Karen Petrou about the Fed’s annual gathering of the world’s top central bankers.
Delta Airlines is charging its unvaccinated employees $200 per month if they’re on the airline’s insurance. We ask if that kind of penalty-based approach could have the desired effect. Only about 11% of the money allocated to aid renters has gone out. We talk to Karen Petrou about the Fed’s annual gathering of the world’s top central bankers.
My guest today is Karen Petrou, one of the most influential experts on financial policy and regulation in the world. She is cofounder and Managing Partner of Federal Financial Analytics, a consulting firm that provides analysis and advisory services on legislative, regulatory, and public-policy issues. The topic is her book Engine of Inequality: The Fed and the Future of Wealth in America. In this episode of Trend Following Radio we discuss: The Big Short Movie Gross Domestic Product (GDP) Jeff Bezos and Mark Zuckerberg United States Income Rates Market Collapse in 2021 Equity Market Engine of Inequality Causes of Economic Inequality Remote Education Economic Inequality in the United States Americans Without Broadband Access Changing the Fed and Banking System Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
Let's get a little controversial today… Following the 2008 financial crisis, the Federal Reserve's monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. Karen Petrou knows what drives the decisions of federal officials and how big banks respond to financial policy in the real world. Instead of proposing legislation that would never pass Congress, the author provides an insider's look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance. - Presents practical ways America can and should tackle economic inequality with fast-acting results - Provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work - Demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness - Explains why your bank's interest rates are still only a fraction of what they were even though the rich are getting richer than ever, faster than ever - Reveals the dangers of FinTech and BigTech companies taking over banking - Shows how Facebook wants to control even the dollars in your wallet - Discusses who shares the blame for our economic inequality, including the Fed, regulators, Congress, and even economists Bio: Karen Petrou is one of the most influential experts on financial policy and regulation in the world. She is cofounder and Managing Partner of Federal Financial Analytics, a consulting firm that provides analysis and advisory services on legislative, regulatory, and public-policy issues. In this episode of Trend Following Radio: The Big Short Movie Gross Domestic Product (GDP) Jeff Bezos and Mark Zuckerberg United States Income Rates Market Collapse in 2021 Equity Market Engine of Inequality Causes of Economic Inequality Remote Education Economic Inequality in the United States Americans Without Broadband Access Changing the Fed and Banking System
Karen Petrou, co-founder of Federal Financial Analytics, says that every president talks about helping the middle class, “but we have had trickle-down policy since at least 1980.” “If the Biden administration can make the United States a more prosperous economy in a truly shared way, that would be quite an achievement,” Petrou said. Plus, looking at what lies ahead in the U.S. economy for businesses owned by people of color. Today we focus on pledges from corporations on social engagement and what action (or inaction) companies have taken as a result.
Karen Petrou, co-founder of Federal Financial Analytics, says that every president talks about helping the middle class, “but we have had trickle-down policy since at least 1980.” “If the Biden administration can make the United States a more prosperous economy in a truly shared way, that would be quite an achievement,” Petrou said. Plus, looking at what lies ahead in the U.S. economy for businesses owned by people of color. Today we focus on pledges from corporations on social engagement and what action (or inaction) companies have taken as a result.
What is causing the widening wealth gap in America? People point fingers in many different directions, but a fairly new idea is to blame The Federal Reserve. In a new book, "Engine of Inequality: The Fed and The Future of Wealth In America", Karen Petrou, a managing partner at Federal Financial Analytics, argues that The Fed's ultra-low interest rate policy has benefited the wealthy at the expense of the poor.
Following the 2008 financial crisis, the Federal Reserve's monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. In Engine of Inequality, Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. Instead of proposing legislation that would never pass Congress, the author provides an insider's look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance. Offering an innovative, powerful, and highly practical solution for immediately turning around the enormous nationwide problem of economic inequality, this groundbreaking book: Presents practical ways America can and should tackle economic inequality with fast-acting results; Provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work; Demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness; Explains why your bank's interest rates are still only a fraction of what they were even though the rich are getting richer than ever, faster than ever; Reveals the dangers of FinTech and BigTech companies taking over banking; Shows how Facebook wants to control even the dollars in your wallet; and Discusses who shares the blame for our economic inequality, including the Fed, regulators, Congress, and even economists. Engine of Inequality: The Fed and the Future of Wealth in America (Wiley, 2021) should be required reading for leaders, policymakers, regulators, media professionals, and all Americans wanting to ensure that the nation's financial policy will be a force for promoting economic equality. Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. Learn more about your ad choices. Visit megaphone.fm/adchoices
Following the 2008 financial crisis, the Federal Reserve's monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. In Engine of Inequality, Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. Instead of proposing legislation that would never pass Congress, the author provides an insider's look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance. Offering an innovative, powerful, and highly practical solution for immediately turning around the enormous nationwide problem of economic inequality, this groundbreaking book: Presents practical ways America can and should tackle economic inequality with fast-acting results; Provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work; Demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness; Explains why your bank's interest rates are still only a fraction of what they were even though the rich are getting richer than ever, faster than ever; Reveals the dangers of FinTech and BigTech companies taking over banking; Shows how Facebook wants to control even the dollars in your wallet; and Discusses who shares the blame for our economic inequality, including the Fed, regulators, Congress, and even economists. Engine of Inequality: The Fed and the Future of Wealth in America (Wiley, 2021) should be required reading for leaders, policymakers, regulators, media professionals, and all Americans wanting to ensure that the nation's financial policy will be a force for promoting economic equality. Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day
Following the 2008 financial crisis, the Federal Reserve’s monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. In Engine of Inequality, Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. Instead of proposing legislation that would never pass Congress, the author provides an insider's look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance. Offering an innovative, powerful, and highly practical solution for immediately turning around the enormous nationwide problem of economic inequality, this groundbreaking book: Presents practical ways America can and should tackle economic inequality with fast-acting results; Provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work; Demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness; Explains why your bank's interest rates are still only a fraction of what they were even though the rich are getting richer than ever, faster than ever; Reveals the dangers of FinTech and BigTech companies taking over banking; Shows how Facebook wants to control even the dollars in your wallet; and Discusses who shares the blame for our economic inequality, including the Fed, regulators, Congress, and even economists. Engine of Inequality: The Fed and the Future of Wealth in America (Wiley, 2021) should be required reading for leaders, policymakers, regulators, media professionals, and all Americans wanting to ensure that the nation’s financial policy will be a force for promoting economic equality. Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance