Hints and tips:
...“It feels like a problem we’ll be working on for years,” Powell said about the exposure of regional banks to commercial real estate, particularly offices, that are less valuable than they were before the...
...Additional reporting by Stephen Gandel...
...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....
...Stephen Stanley, chief US economist at Santander, described the Fed’s statement as a “nice balance between getting rid of the hiking bias but adding that they are not close to easing yet”....
...Other notable Goldman Sachs female executives who have left the firm or have announced departure plans include Beth Hammack, a top investment banker; Katie Koch, now head of money manager TCW, and Dina Powell...
...Now, of course, only a negligible number of people who write to their MPs to say that Enoch Powell was right or that they are an enemy of Islam will ever make the transition from mad messages to terror attacks...
...Lucy FisherAnd the FT’s Stephen Bush. Hello, Stephen. Stephen BushHi, Lucy....
...Powell sought earlier in the week to cool speculation about a March rate cut, warning that it was not the central bank’s “base case”. “Powell killed a March cut....
...He is also viewed as a potential pick for Treasury secretary, or to succeed Federal Reserve chair Jay Powell in 2026....
...Fed chair Jay Powell said on Thursday that the US central bank was “not far” from having the confidence to start lowering borrowing costs, as it awaited more concrete evidence that inflation is on track...
...Stephen King: Even now inflation is persistently overshooting targets....
...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....
...Card delinquency rates don’t look so great either, as my colleagues Stephen Gandel and Patrick Mathurin described in detail yesterday....
...“You couldn’t draw up a more perfect economic scenario than the FOMC’s forecasts,” said Stephen Stanley, chief US economist at Santander. “If it happens, that would be tremendous....
...Fed chair Jay Powell supported the proposals....
...Monday Samir Shah begins a four-year tenure as the chair of the BBC, taking over from acting chair Dame Elan Closs Stephens who stepped in following Richard Sharp’s resignation in April 2023 Results: Clarksons...
...several high-profile departures, including co-head of investment banking Gregg Lemkau, who joined Michael Dell’s investment firm, co-head of the securities division Marty Chavez and chief financial officer Stephen...
...The board of governors at the Fed also gathered on Thursday to discuss the proposals, with chair Jay Powell affirming in his opening remarks his support of the changes but acknowledging that a “balance”...
...Accountability: In the age of algorithmic decision-making, allocating blame is a fraught process — but this doesn’t have to be a bad thing, writes Stephen Bush....
...You heard there the FT’s Stephen Bush talking about the Labour leader. Stephen’s here with me in the studio now. Hello, Stephen. Stephen BushHi, Lucy. Lucy FisherAnd the FT’s Miranda Green....
...There are traces of numerous writers: the brittle, highly charged dialogue of Simon Stephens, the formal ruptures of Sarah Kane, the surrealism of Caryl Churchill....
...The move, reckons Inside Politics writer Stephen Bush, could turn out to be the most significant announcement of the day....
...Persistently high inflation and a fragile economy point to the BoE sticking, while Fed chair Jay Powell has cited a “range of uncertainties” and pledged the central bank will move carefully....
...For the economic team, the big questions are whether Trump might pick a Wall Street donor for the role of Treasury secretary, as he did with Steven Mnuchin in 2017 — and who he might tap to replace Jay Powell...
...US Federal Reserve Chairman Jay Powell said this week that he believed that Monday’s sale of First Republic’s loans and assets to JPMorgan Chase was “an important step towards drawing a line under that period...
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