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...Both have family connections to the media business, however — Horwitz is the son of Pulitzer Prize- winning journalist Tony Horwitz and novelist Geraldine Brooks, also a Pulitzer winner, while Koppelman...
...edward.luce@ft.com...
...Powell’s assessment was endorsed by members of the policy-setting Federal Open Market Committee....
...“The Fed is no longer the most important driver of market trends,” said Tony Welch, chief investment officer at wealth management firm SignatureFD....
...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...
...For an analysis of why the EU’s decision was misguided, please read this superb essay by Edward Joseph for the Johns Hopkins University School of Advanced International Studies....
...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....
...Founded in 1996 by Simon Alderson and Tony Cunningham, the shop (based in Islington, with a showroom in east London) combines classics from the 20th century with contemporary works....
...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....
...US politics: It is not guaranteed that a Biden second term would bring an end to America’s political malaise, argues Edward Luce....
...But it formed part of wider discussions within the government of then prime minister Tony Blair about the use of “nuclear options” to reduce the record numbers of people seeking asylum in the UK at the time...
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...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....
...Letter in response to this article: Snails, not naked clams, are the real superfood / From Tony Orchard, Exeter, Devon, UK...
...[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....
...[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....
...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....
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...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....
...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....
...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”....
...Less understood is the boost that another term would give to his solvency, writes Edward Luce....
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