French Election Isn't a Big Short-Term Risk, Blanchard Says
Olivier Blanchard, former chief economist at the IMF, says the French election isn't a big short-term risk and the lack of informed economics debate is an issue. Prior to that, Jason Furman, a senior fellow at the Peterson Institute, says economic problems have been increasing since the 1950s. Alice Rivlin, a former vice chair of the Fed, says the U.S. political system's so polarized that the country isn't getting anything done. Jacob Frenkel, chairman of JPMorgan Chase International, says geopolitics are the sources of economic uncertainty. Finally, Alan Blinder, a former vice chair of the Fed, says the U.S. isn't going back to the nominal interest rates to which investors had become accustomed.
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