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...Dimon served on Trump’s shortlived business advisory group in 2017 and has said he “would try to help any president of the United States because I’m a patriot”....
...In comments that echo remarks by Fed chair Jay Powell, board governor Lisa Cook told students at Harvard: “The risk of easing monetary policy too much or too soon is that it could allow above-target inflation...
...“I don’t have a stance on that,” Powell said. “It’s not something I’m focused on . . ....
...But Powell’s stern sounds yesterday could easily turn serene tomorrow....
...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....
...discussion alongside Fed governor Lisa Cook....
...Fed chair Jay Powell said on Tuesday it was likely to take “longer than expected” for inflation to reach the target level that would allow the central bank to cut rates....
...Read more on Powell’s remarks and the latest timing of any rate cut. More reaction to Powell’s comments: European stock markets had their worst day for nine months following Powell’s remarks. 3....
...“The relentless M&A and the de-equitisation, the lack of refilling the hopper is starting to bite quite hard,” he said. “I’m not convinced the IPO market is going to open soon.”...
...That’s the inflation gauge where Jay Powell has already won....
...Powell appears to be ignoring those signs, but I’m not — and I think the move in gold is just the commodity market coming to the same conclusions I have....
...Here’s what else I’m keeping tabs on today: Monetary policy: Philip Jefferson, the Federal Reserve’s vice chair, as well as governors Lisa Cook and Christopher Waller speak at public events today....
...Last week, Fed chair Jay Powell told a Senate hearing that commercial real estate does pose a risk to a number of small and mid-sized banks. “There will be more failures,” Powell said....
...I’m deeply in thrall to this arcane, transformative power of the ribbon....
...Here’s what I’m keeping tabs on today and over the weekend: Election 2024: US President Joe Biden will travel to a campaign event in Philadelphia, while former president Donald Trump will host Hungarian...
...Earlier in the day, Fed governor Lisa Cook will give closing remarks at a forum on minorities in banking, hosted by the central bank’s Dallas branch.Jobless claims: Initial claims for US state unemployment...
...The Senate was expected to vote later on Wednesday to confirm Fed governor Lisa Cook to a new 14-year term, and World Bank economist Adriana Kugler to fill the last open Fed board seat....
...Jay Powell’s Federal Reserve dithered on raising interest rates until it had no choice but to act....
...I’m Claire Jones, the Financial Times’ acting US economics editor and I’m standing in for Chris Giles this week....
...“The economy is performing well,” said Fed chair Jay Powell in a news conference after the FOMC announcement....
...Powell said market expectations of a rate cut in March were not his “base case”. Powell also said there was “a way to go” before the Fed could claim victory in its battle against excessive inflation....
...Powell is tantalisingly close to securing the soft landing, and his legacy. Disagree? Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...(Another thing, Mr Horwitz and Mr Koppelman: what follows is not legal advice, and I’m not a lawyer.)...
...I’m joined now by the FT’s Steff Chávez. She covers Boeing. Hey, Steff. Steff ChávezHi, Marc....
...I’m Ethan Wu. Thanks for listening. [MUSIC PLAYING]...
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