Mark Harrison, CFA, is director of publications at CFA Institute, where he contributes to a suite of publications that includes the Financial Analysts Journal, CFA Digest, and Conference Proceedings Quarterly. He has more than 12 years of investment experience as a portfolio manager and securities analyst. As investment manager of the West Midlands Pension Fund, part of the UK local government pension fund, Harrison managed a portfolio of European equities and had oversight of external managers and hedge fund selection. He is also the author of The Empowered Investor and holds the ASIP designation. Harrison holds BA and MA degrees from the University of Oxford.
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German Chancellor Angela Merkel will go to Paris on Friday to discuss issues confronting Europe, French President Emmanuel Macron's office said. Macron is pressing for action on proposals from France and Germany to reform the EU. Reuters (17 Jan.)
Two Federal Reserve officials have publicly disagreed on whether the US economy is so hot it needs to be cooled off by higher interest rates. Federal Reserve Bank of Dallas President Robert Kaplan said that he is concerned about the economy overheating and that the central bank should raise rates three times this year, while Federal Reserve Bank of Chicago President Charles Evans said that he isn't troubled by asset valuations and that fewer than three rate increases are "probably appropriate." Reuters (17 Jan.)
French President Emmanuel Macron has appointed Sylvie Goulard, a former EU lawmaker who once served as French defense minister, as deputy governor of the central bank. The appointment of a politician is a departure from the tradition of selecting someone from civil service. Reuters (17 Jan.)
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