The Fed should hike interest rates by 50 basis points next meeting, says Harvard’s Jason Furman

Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, joins CNBC's 'Squawk Box' to discuss the latest job reports, what we should expect from Fed regarding rake hikes, and more.

[arthurgol]

are you crazy, there is no way they will hike to 50 points, the 15th largest US bank just broke, are you listening? oh my lord, Run, I withdrew all my cash!!! get out now ask questions later

[hiuofwreqc]

Love how his voice became quieter and shakier after the breaking report on SVB Bank failure loll
One of those moments that will live in history. 🤡

[hiro]

I'll say do 75 and get over with it

[douglasguan]

Free cash flows of most banks are diving down month after month. There must be an end to this hike in the near future.

[JankAt]

If Fed goes 50bps SPX will more than likely to fall to 3400 possibly lower, stuffs falling apart.

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[johnstibal]

Somebodies got cash and they want a crash.

[christianduval]

The FED 6% this summer....8% summer
I plan my mafucturing production base on those
If i'm right I will be in very good I'm wrong, I will be even better

[GTRrocker]

The company I work for is actively price gouging. Vendors are lowering costs and we are not lowering ours. I’m willing to bet other companies are doing the same. Inflation isn’t going anywhere.

[timsmith]

How many banks have to fail before the Fed halts interest rate hikes? - Zoomer

[lockupeviltrump]

he's absolutely correct.... so hey listen

[hm-ysym]

High interest rates benefit the little guy at the cost of hurting the big guy...,

[shockcityrocker]

You trying to see more banks fail hahahah?

[hopoutside]

watch out for an accounting rule change for banks to take bond losses off the books, for at least next 10 yrs; otherwise, contagion risk will remain.

[davidngan]

1% is a genius in a bear market! and 99% are loser!

[Falconlibrary]

Three things:
1. Should've raised it 50 bps at the LAST meeting. How can the Fed misread the data this badly?
2. The Fed won't raise by 50 bps at the next meeting because the free money addicts on Wall Street will throw a tantrum, and Powell has made it clear THE MARKET is his only real concern.
3. I said a year ago the same thing I'm saying today: Powell is Arthur Burns, not Paul Volcker. Powell's slavish obedience to THE MARKET and his innate timidity in fighting inflation have doomed us to a DECADE of stagflation--worst of all possible worlds.
That's all.

[albertdezwart]

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[larchdental]

So you are saying if USA keeps adding low paying minimum pay job, the rest of the world should keep raising interest like like there's no bomorrow?

[hm-ysym]

SVB CEO Greg Becker lobbied the government to relax some Dodd-Frank provisions on regional lenders in 2015. Trump did in 2018..,

[patrickmoore]

No way should we go 50bps after one month of poor data. Chill out.. wait for the lagging effects. We don’t need 2% right now at the expense of the economy, we will get there.. slow and steady.