Tag Archives: hurt

Demonetisation: Economy shaken, GDP hurt, trust in govt undermined

NEW DELHI: While the immediate impact of demonetisation was seen in the long queues outside ATMs and felt through acute cash shortage, its anniversary is an appropriate vantage point to assess the less visible and generalised effect on the economy of what was easily the most disruptive measure post-Independence. The difficulty in making a cost-benefit analysis is that the move was not purely economic, ... Read More »

Fed’s Yellen says Dodd-Frank regs help — not hurt — economy

JACKSON HOLE, Wyoming — Federal Reserve Chair Janet Yellen is defending the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system’s health and disputing criticism that the rules have hurt lending. Yellen says the Fed is prepared to adjust the regulations as needed to help financial institutions. But she is implicitly ... Read More »

How Trump’s political drama could hurt the economy

President Trump speaks at a rally on June 21 in Cedar Rapids, Iowa. – Scott Olson/Getty Images Uncertainty. That’s got to be how you would describe the feeling coming out of Washington these days. There is plenty of policy uncertainty: health care legislation, tax reform, the debt ceiling. There is also political uncertainty: congressional investigations, special prosecutors, lawsuits, even calls for impeachment. ... Read More »