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...We want to make sure that we aren’t eliminating important redundancies.”...
...You can’t recreate the texture with butter. Follow @FTMag to find out about our latest stories first...
...I’m Claire Jones, the Financial Times’ acting US economics editor and I’m standing in for Chris Giles this week....
...But the Boeing CEO can’t go to Seattle and fix that, he also has a huge defence business to think about,” said O’Leary....
...Here to explain is the FT’s acting US economics editor Claire Jones. Hi, Claire. Claire JonesHi there, Marc. Marc FilippinoSo let’s start with Russia....
...“If the economy comes in stronger than expected, I don’t think it means the Fed doesn’t cut at all, but it does mean the Fed will be very careful about delivering cuts.”...
...“We hope it doesn’t come to that. But it does concern us we don’t have certain information.”...
...“It’s surprising that we haven’t seen more of a negative reaction,” said Tim Murray at T Rowe Price, an asset manager....
...Claire Bushey Well, we don’t know what has gone wrong. There’s kind of three buckets of what it could be....
...“And the money that it spends isn’t really being spent well on its citizens, even though it’s supposed to be.”...
...“There was worry in the market that this was going to be hotter than expected, but it didn’t materialise.”...
...“When we do get that confidence, and we’re not far from it, it will be appropriate to dial back the level of restriction so that we don’t drive the economy into recession.”...
...“There was an opportunity at this meeting for the Fed to push back [against a June cut] and they didn’t.”...
President has put recovery at centre of re-election bid but Americans are not buying it
...So there’s no red line [where] I’m going to cut off all weapons so they don’t have the Iron Dome to protect them.”...
...We don’t know if this is a bump in the road or something more,” the Fed chair said, adding that he did not think recent readings had “really changed the overall story” of price pressures easing to 2 per...
...“And when we do get that confidence, and we’re not far from it, it will be appropriate to dial back the level of restriction so that we don’t drive the economy into recession.”...
...“You don’t want to start cuts that close to an election.”...
...“The (industry) calculus in the past has been described to me as ‘we don’t want to anger our supervisor so we haven’t sued them’,” Quarles says....
...“You don’t need to have a Nobel Prize in maths to understand EVs need to be a big part of it,” he said....
...Manish Bapna, president of the NRDC Action Fund, an environmental advocacy group, said the adjustments to the EPA’s rule “don’t represent a material change in the carbon reduction benefits” when compared...
...“So really the kind of pain that I was worried about and so many others were, we haven’t had that. And that’s a really good thing. And, you know, we want that to continue.”...
...But they also show that the adjustments to get it into a sustainable course aren’t as large as we thought before seeing the latest projections.”...
...“I don’t see anything in this [GDP release] that to me has any inflationary concerns associated with it,” Yellen said....
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