Will Rate Hikes “Warsh” Over Us?

The Week Ahead

October 10, 2017

President Trump has promised to announce his choice for Fed chair in two or three weeks, and, this time, he might mean it. If it’s Yellen, of course, we can go back to our desks. Some on the short list, including Gary Cohn, are blank slates with not much of a track record. But two Republican non- economists, Kevin Warsh and Jerome Powell, are now seen as front runners, so it’s worth thinking about their implications for 2018 Fed policy.

Under Powell, odds are that the path ahead wouldn’t materially differ from a Yellen- led Fed. He’s been in the consensus pack in both actual rate votes and speeches. If fiscal stimulus boosted GDP growth, barring firm evidence that the changes were lifting productivity or labour force participation (and therefore potential non-inflationary growth), a Powell (or Yellen) Fed would respond with offsetting monetary tightening.

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Life Expectancy in Canada – Part 3

Lifestyle Planning Effect

October 5, 2017

Lifestyle planning as we age is a subject – like retirement financial planning – with endless nuances and complexities. That said, the two issues that are often prominent and decisive are:

  1. Do you want to consider living in a retirement community?
  2. Would you prefer to continue living at home?

Each comes with positives and negatives. What follows are some thoughts that may help you consider the options and make the best decision for yourself when the time comes.

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