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...“The policy is tragic,” said David Herro, a chief investment officer at US investment manager Harris Associates, the sixth-largest shareholder in Intesa Sanpaolo, Italy’s largest bank....
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...“To not hike would have revealed more concerns about the banking system,” said David Page, head of macro research at Axa Investment Managers....
...David Wessel, a senior fellow in economic studies at the Brookings Institution, said the Fed could no longer be accused of being behind the curve on price pressures, having restored its inflation-fighting...
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...they say so that if this blows over, they haven’t committed themselves to doing a lot of stuff that was unnecessary, while acknowledging that if it gets worse, obviously we’re gonna have to do more,” said David...
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...On Tuesday, answering questions from David Rubenstein, the co-founder of private equity group Carlyle, Powell said the “disinflationary process” still had a “long way to go” and was in its early stages....
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...Paintings include “The Last Communion of Saint Jerome”, from the studio of Sandro Botticelli (1445-1510), priced at $750,000....
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