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...Powell also suggested it was too soon to know whether recent signs of stickier than expected inflation, especially in the services sector, would last....
...Andrew Hollenhorst, an economist at Citi, noted that shipping disruptions in the Panama and Suez canals, and now on the US east coast following the collapse of a bridge at Baltimore’s port, meant goods prices...
...The former president would not be drawn on who he might tap as a successor to Powell, but possible candidates include Kevin Warsh, a former Fed governor, and Judy Shelton....
...Andrew HillKevin Ellis, thanks very much for chatting. Kevin EllisThank you very much....
...“The further slowdown in wage growth evident in the fourth quarter employment cost index illustrates that easing labour market conditions are helping to push inflation down,” said Andrew Hunter, deputy chief...
...Andrew Hill ‘Smart Money: The Fall and Rise of Brentford FC’, by Alex Duff Matthew Benham made a small fortune from trading derivatives for some of the biggest banks on Wall Street....
...The owners of the long faces you show — Jay Powell, Andrew Bailey and Christine Lagarde — should do their homework (“Central banks rethink forecasting after failures”, Report, December 29)....
...“We may find ourselves in a period where markets away from the US could finally outperform,” said Andrew Cole, head of multi-asset at Pictet Asset Management....
...As Andrew Hunter, US economist at Capital Economics put it: Much of the debate on inflation across developed markets right now is being driven by comparing apples to oranges....
...The Bank of England is expected to make its first cut in the summer as governor Andrew Bailey notes “encouraging signs” on inflation....
...At his last press conference, in December, Powell said, “We don’t think about politics”....
...We know R-star occupies the Fed because chair Jay Powell said last year he was “navigating by the stars under cloudy skies”....
...Investors will closely watch Jay Powell’s press conference shortly thereafter, with the Fed chair under intense pressure to set out the central bank’s timeline for probable rate cuts next year....
...Kevin Ellis, the UK head of PwC, tells guest host Andrew Hill why he encourages younger workers to come to work....
...In 2019, for instance, President Trump berated chair Jay Powell for his “horrendous lack of vision” as he demanded a massive rate cut....
...Powell set markets on this uncertain path last August when he described the Fed as “navigating by the stars under cloudy skies”....
...Sternfels is credited with restoring stability after the ousting of his predecessor Kevin Sneader, whose leadership was overshadowed by a legal and public backlash over McKinsey’s work for opioid manufacturers...
...“It’s a rough day for tech stocks,” said Kevin Gordon, a senior investment strategist at Charles Schwab....
...But Bailey, unlike Powell, painted a portrait of a decidedly sickly economy....
...The S&P 500 slipped 0.1 per cent in the final trading session of the week but the index gained 2.3 per cent since last Friday’s close, after Federal Reserve chair Jay Powell on Wednesday indicated a preference...
...Andrew Bailey has warned markets against underestimating the persistence of UK inflation and stressed he expected the Bank of England would keep interest rates high for an extended period of time....
...Summing up the challenge in September, Powell said: “Forecasting is very difficult. Forecasters are a humble lot — with much to be humble about.”...
...Mentioned in this podcast: EU leaders agree to start accession talks with Ukraine Stocks and bonds surge as Jay Powell comments fuel bets on interest rate cuts ECB keeps rate on hold but lowers inflation...
...While Jay Powell, the Fed chair, seized upon favourable trends in US inflation and labour markets as he executed a U-turn on the interest rate outlook, BoE governor Andrew Bailey and his colleagues went...
...BoE governor Andrew Bailey has also argued that European inflation dynamics were “somewhat different” from the US....
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