Hints and tips:
...The Federal Reserve’s rate-setters still expect to make about three quarter-point rate cuts this year, its chair Jay Powell said in an interview that aired last night....
...Aml Ameen lends MLK a gentle, downplayed gravitas, while Jeffrey Wright is spiky as a caustic, combative Adam Clayton Powell, the politician who was among Rustin’s fiercest opponents....
...FT contributing editor Adam Tooze bemoans governments’ lack of investment in vaccines, an area with an unbeatable cost-benefit ratio....
...At the embassy, I had to lobby the Clinton administration against giving Gerry Adams a visa to visit the US even while the IRA armed campaign continued....
...Fed chair Jay Powell even half-hinted that a crisis or two might help to take the steam out of the economy....
...Adam SamsonThe destruction is just absolutely enormous and it’s affecting a really vast area both in Turkey and in Syria. Marc FilippinoThat’s the FT’s Adam Samson....
...Middle East: The European postwar settlement after 1945 teaches us that there will be no peace in the region without politics, writes Columbia University historian Adam Tooze....
...One good read A sharp addition to the dedollarisation debate from Adam Tooze. This article has been amended to correct errors in the second chart...
...The Jules Verne of investment research (H/T Adam Tooze) has left Credit Suisse after it was devoured by UBS....
...While the rate of price increases is moderating in Europe, and has slowed sharply in the US, Federal Reserve chair Jay Powell and president of the European Central Bank Christine Lagarde were clear last...
...Federal Reserve chair Jay Powell said on Tuesday that reducing inflation would take a “significant period of time”, Turkey declared a state of emergency in areas ravaged by the region’s worst earthquake...
...She has directed operas, working with composer John Adams to adapt The Death of Klinghoffer, based on the 1985 hijacking of a passenger liner by the Palestine Liberation Front, for Channel 4, and later being...
...Presumably Powell canvassed the Committee before communicating a pause, and an upward revision of 50bp would be inconsistent with holding rates steady Maybe?...
...Happily, Adam Shapiro of the San Francisco Fed published a paper arguing for the same conclusion with a simpler argument....
...Fed chair Jay Powell has now shifted the debate towards the timing and magnitude of rate cuts....
...The report by Adam Heppinstall KC found there was a “potential perceived conflict of interest” that was not disclosed by Sharp during his application and interview for the role at the UK broadcaster in 2020...
...The Fed still needed to see “credible evidence that inflation is topping out and then beginning to come down”, Powell said....
...[MUSIC PLAYING] Michela Tindera Our next question is from a listener named Mike Powell. His question is: what is your single biggest investment regret? Robert Armstrong Katie, you go first....
...“Powell’s annual speech . . . delivered an unambiguous message that a dovish pivot is not in sight,” Karoui said....
...We’re going to be guided by the data,” Powell said....
...That is evident in the move in Treasuries,” said Adam Abbas, co-head of fixed income at Harris Associates....
...The weak data raised the prospect that the US central bank would be reluctant to push too aggressively with further rate rises, but Steve Englander, a strategist at Standard Chartered, said: “Chair [Jay] Powell...
...And, like, the way it’s supposed to work, like, is Jay Powell and the Federal Reserve put a hex on the housing market with higher interest rates....
...Answers, as always, to Claire (claire.jones@ft.com) or Jamie (jamie.powell@ft.com). Have a cracking weekend all!...
...What is the new name of WeWork founder Adam Neumann’s family office?...
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