‘I would not associate Jay Powell with craziness,’ says IMF’s Christine Lagarde

International Monetary Fund managing director Christine Lagarde said Thursday she “would not associate” U.S. Federal Reserve Chairman Jerome Powell “with craziness.” “I would not associate Jay Powell with craziness. Lagarde made the comment in response to a question from CNBC’s Geoff Cutmore about U.S. President Donald Trump. I think the Fed has gone crazy,” the president said after walking off Air Force One in Erie, Pennsylvania for a rally. Lagarde added: “All over the world, it is certainly a


International Monetary Fund managing director Christine Lagarde said Thursday she “would not associate” U.S. Federal Reserve Chairman Jerome Powell “with craziness.” “I would not associate Jay Powell with craziness. Lagarde made the comment in response to a question from CNBC’s Geoff Cutmore about U.S. President Donald Trump. I think the Fed has gone crazy,” the president said after walking off Air Force One in Erie, Pennsylvania for a rally. Lagarde added: “All over the world, it is certainly a
‘I would not associate Jay Powell with craziness,’ says IMF’s Christine Lagarde Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: weizhen tan, ted kemp, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, walking, christine, jay, associate, president, bank, fed, imfs, craziness, certainly, central, powell, think, world, lagarde


'I would not associate Jay Powell with craziness,' says IMF's Christine Lagarde

International Monetary Fund managing director Christine Lagarde said Thursday she “would not associate” U.S. Federal Reserve Chairman Jerome Powell “with craziness.”

“I would not associate Jay Powell with craziness. No, no, he comes across, and members of his board, as extremely serious, solid and certainly keen to base their decisions on actual information, and decide to communicate that properly,” she said, speaking to CNBC at the IMF and World Bank annual meetings in Bali, Indonesia.

Lagarde made the comment in response to a question from CNBC’s Geoff Cutmore about U.S. President Donald Trump. The American leader knocked the Fed on Wednesday for continuing to raise interest rates despite some recent market turbulence.

“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” the president said after walking off Air Force One in Erie, Pennsylvania for a rally.

Lagarde added: “All over the world, it is certainly a good principle to have independence of the central banks and of the central bank governors. Certainly we have advocated that in all countries, and I think that the Fed is no exception.”


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: weizhen tan, ted kemp, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, walking, christine, jay, associate, president, bank, fed, imfs, craziness, certainly, central, powell, think, world, lagarde


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Cramer: I’m encouraged by the ‘craziness’ of a call for a nearly 40% rise in Snap stock

Cramer: I’m encouraged by a call for a nearly 40% rise in Snap stock 3 Hours Ago | 01:48CNBC’s Jim Cramer said Wednesday he likes what he read in a rare, bullish analyst note on Snap. Shares of the Snaphcat-parent were sharply higher early Wednesday after Credit Suisse raised its price target for year-end 2018 from $17 to $20 per share. Based on Snap’s closing price Tuesday of $14.34 per share, a move to $20 would represent a nearly 40 percent increase. “This is an upgrade” based on the firm’s p


Cramer: I’m encouraged by a call for a nearly 40% rise in Snap stock 3 Hours Ago | 01:48CNBC’s Jim Cramer said Wednesday he likes what he read in a rare, bullish analyst note on Snap. Shares of the Snaphcat-parent were sharply higher early Wednesday after Credit Suisse raised its price target for year-end 2018 from $17 to $20 per share. Based on Snap’s closing price Tuesday of $14.34 per share, a move to $20 would represent a nearly 40 percent increase. “This is an upgrade” based on the firm’s p
Cramer: I’m encouraged by the ‘craziness’ of a call for a nearly 40% rise in Snap stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-10-11  Authors: berkeley lovelace jr
Keywords: news, games, cnbc, companies, 40, note, snap, im, price, facebook, target, craziness, rise, stock, snaps, cramer, suisse, nearly, encouraged


Cramer: I'm encouraged by the 'craziness' of a call for a nearly 40% rise in Snap stock

Cramer: I’m encouraged by a call for a nearly 40% rise in Snap stock 3 Hours Ago | 01:48

CNBC’s Jim Cramer said Wednesday he likes what he read in a rare, bullish analyst note on Snap.

Shares of the Snaphcat-parent were sharply higher early Wednesday after Credit Suisse raised its price target for year-end 2018 from $17 to $20 per share.

Based on Snap’s closing price Tuesday of $14.34 per share, a move to $20 would represent a nearly 40 percent increase.

In a note to clients, Credit Suisse analysts said they’re maintaining their outperform rating while putting a “downside risk of about 6 percent” on the stock.

“This is an upgrade” based on the firm’s price target bump, Cramer contended. “Today is a suspend-all-belief day” and “craziness” when considering Snap’s drubbing since its March IPO, he added.

“I’ve been waiting for Snap to get back to that level where it became public,” Cramer said. “This is a very encouraging report.”

In the face of tough competition from social media giant Facebook, Snap’s stock has declined about 40 percent since its first-day closing price of $24.48 per share. The IPO was priced at $17 a share.

Cramer said he likes the note because many analysts have not said anything good about Snap, but he warned he’d recommend investors be in Facebook rather than Snap.

— Disclsoure: Jim Cramer’s charitable trust owns shares of Facebook.


Company: cnbc, Activity: cnbc, Date: 2017-10-11  Authors: berkeley lovelace jr
Keywords: news, games, cnbc, companies, 40, note, snap, im, price, facebook, target, craziness, rise, stock, snaps, cramer, suisse, nearly, encouraged


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