David Larrabee, CFA, is director of Member and Corporate Products at CFA Institute and serves as the subject matter expert in portfolio management and equity investments. Previously, he spent two decades in the asset management industry as a portfolio manager and analyst. He holds a BA in economics from Colgate University and an MBA in finance from Fordham University. Topical Expertise:Equity Investments · Portfolio Management
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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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