Hints and tips:
...Powell’s assessment was endorsed by members of the policy-setting Federal Open Market Committee....
...Now, I can just about imagine a super-interpretive Fed chair, Jay Powell, reasoning that another Donald Trump presidency would be terrible for inflation — mass deportation, punitive tariffs on all imports...
...Up until the Powell pivot in 2018-19 [when Jay Powell’s Federal Reserve switched from raising to lowering rates], tech wasn’t at a particularly substantial P/E premium relative to the market....
...Edward Luce responds Rana, knowing what we know now, which is of course less than the insomniac Powell will know, I do not expect to see a rise in inflation over the next few months....
...In December, Fed chair Jay Powell called the peak of the US interest rate cycle....
...“The economy is performing well,” said Fed chair Jay Powell in a news conference after the FOMC announcement....
...Opinion: If Biden can convert last night’s primetime energy into a campaign staple, it would go some way towards blunting doubts that he lacks vitality for the job, writes Edward Luce....
...[Premium subscribers] Inflation could end up sinking Biden’s campaign since voters won’t care much about US growth if borrowing costs stay high, says Edward Luce....
...US politics: It is not guaranteed that a Biden second term would bring an end to America’s political malaise, argues Edward Luce....
...[Free to read] Fed chair Jay Powell has said the US’s inflation fight “is not done”, an important economic message to voters straining under higher interest rates....
...America’s Supreme Court: The Conservative majority delivers rulings that assist Trump and play politics with the constitution, argues Edward Luce....
...Because Putin is Biden’s enemy, and the enemy of your enemy is your friend, writes Edward Luce....
...This year “hands off our bodies” should be the slogan Joe Biden uses to get voters to back him, says Edward Luce....
...For more analysis on the 2024 election race sign up for Swamp Notes, a twice-weekly newsletter from senior columnists Rana Foroohar and Edward Luce. It is also now available as a podcast....
...In contrast to El-Erian, Edward Yardeni argues that the Fed’s ability to prevent financial crises also prevents recessions and it should not “mess with success”....
...Just four years after the xenophobic rhetoric of Enoch Powell’s infamous “Rivers of Blood” speech, skinhead culture was rife. Leicester council urged no Asians to come — they did anyway....
...Less understood is the boost that another term would give to his solvency, writes Edward Luce....
...Jay Powell’s call of the peak of the interest rate cycle last week was Biden’s best news in months....
...Biden’s feisty performance, says US national editor Edward Luce, should put to bed any notion that he might yet pull out of the presidential race....
...Edward Luce: A victory in next year’s presidential election would be Trump’s get-out-of-jail-free card — and America’s funeral....
...Analysis: The new question for Jay Powell and the Fed is how long to keep rates high. 2....
...From Jay Powell’s hedged language on Wednesday, to Janet Yellen’s sort-of-promise yesterday to take “additional actions” if warranted”, you get the impression the authorities are flying half-blind....
...Edward Al-Hussainy, senior analyst at Columbia Threadneedle, said: “Nothing in Powell’s interview deviated from the message in [the] post-FOMC press conference, about whether the labour market report has...
...Edward Grant, the director responsible for vulnerability at wealth manager St James’s Place, says: “One issue is that people don’t know they are neurodiverse....
...Treasure it: As inflation began to rise in March 2021, Fed Chair Powell predicted that the increase would be “neither particularly large nor persistent.”… Powell’s view was supported by the many economists...
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