Hints and tips:
...The annual jamboree is produced by Jay-Z’s entertainment company Roc Nation. The R&B singer has the stature for the marquee event....
...Washington hoped the USS Gerald R Ford strike carrier group, plus further US forces, would deter Iran and its myriad proxies in the region and contain the crisis....
...Austin also extended the deployment of the USS Gerald R. Ford Carrier Strike Group, which is one of two stationed near Israel....
...After visiting Bahrain, where the US Navy’s Fifth Fleet is stationed, the defence secretary will stop aboard the USS Gerald R Ford aircraft carrier, currently in the eastern Mediterranean, and also travel...
...Political will for public R&D investment has materialised....
...Schwartz’s experience of reining in the finances of Goldman Sachs following the financial crisis has shaped his tenure so far....
...Jay Powell’s job is rarely ever so hard, or so interesting. Email me: ethan.wu@ft.com. Calling for recession is contrarian now At the start of 2023, it was banal to forecast a near-term recession....
...On August 25, Federal Reserve chair Jay Powell summarised the mood when he said “we are navigating by the stars under cloudy skies”. Economists do have some tools to illuminate the path ahead....
...Ramaphosa has identified a retired judge to head the Lady R inquiry but has yet to name that person or finalise the terms of reference for the probe, his office said this week....
...But Jeremy Schwartz, economist at Nomura, said the minutes showed “a lack of conviction” among Fed officials that they had conquered inflation....
...Even Jay Powell once compared using R* to guide monetary policy as navigating by stars that keep moving around the sky. At the recent Jackson Hole conference he added that it was also cloudy....
...Blitz writes that there’s no need to worry about Fed Chair Jay Powell turning into a “Grinch” come January....
...The Londoner can big herself up with the best of them, like the line in one of her songs that says, “I’m Jay-Z on a bad day, Shakespeare on my worst days.”...
...The BoE needs to see pay growth coming down fast What I’ve been reading and watching My colleagues have written an explainer on movements in the long-term neutral interest rate (or r*)....
...At the ECB, Lagarde insisted that “even having a discussion on a cut is totally premature” before Jay Powell pronounced that, as far as the Federal Reserve was concerned, “the Committee is not thinking about...
...They disagree on the level of the neutral interest rate, or R-star — the level at which monetary policy neither accommodative nor restrictive....
...Not a whole lot has changed; the economy’s equilibrium interest rate has stayed low: Many economists, including Jay Powell, have noted how imprecise measuring R-star is, so scepticism is due....
...Researchers at the New York Fed surmise that R-star has risen in the short-run, but expect it to fall back to a lower level in the longer term....
...Spoken word, folk, hip hop and R&B are placed alongside traditional opera....
...Ludovic Hunter-TilneyWell, I believe that there’s a rumour that it’s meant to be a duet album with Jay-Z, like she did before. (Inaudible) Lilah RaptopoulosOh, I’ll take that....
...So nobody wants to be Arthur Burns, least of all Jay Powell....
...Schwartz held top roles at Goldman, including chief financial officer and chief operating officer, before he left in 2018. 3....
...If you were reading r/wallstreetbets in 2021 like I was, there was a lot of stuff about payment for order flow, perhaps poorly understood and very conspiratorial....
...Substitute the “Fed” for “love” and you have the theme of 2022-2023, with the global central bank’s captain, Jay Powell, doing the heavy lifting. We need to renormalise the cost of money....
...Additional reporting by Felicia Schwartz in Washington...
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