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24.06.25 - 15:48
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Rep. French Hill on Powell, Middle East, Trump Tax Bill (Bloomberg)
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Rep. French Hill, a Republican from Arkansas, talks about Federal Reserve Chair Jerome Powell testifying before Congress, unrest in the Middle East and President Donald Trump's tax and spending bill that is now trying to pass through the Senate. He is on "Bloomberg Surveillance." (Source: Bloomberg)...
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21.06.25 - 14:12
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Summers on the Fed, Middle East and NYC Mayoral Primary (Bloomberg)
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Fed Chair Powell says uncertainty around tariffs justifies holding interest rates steady for now. Former Treasury Secretary Lawrence H. Summers agrees but warns that rising inflation and unemployment make the Fed's job harder. He also highlights the potential economic fallout from U.S.-Iran tensions. Summers criticizes New York mayoral candidate Zohran Mamdani's platform as “profoundly dangerous” for not only the city, but also for the country. (Source: Bloomberg)...
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19.06.25 - 08:42
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Bank of England expected to leave interest rates as Middle East conflict drives up oil price – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.These are challenging times for central bankers. After steering through the Covid-19 pandemic, and then the energy shock after the Russia-Ukraine war, they must now set monetary policy in the face of an unpredictable trade war, and conflict in the Middle East.Escalating tensions in the Middle East, and the upward pressure this is putting on oil prices, will only add to the Bank of England's concern about easing rates too quickly.The Monetary Policy Committee will face a tougher choice when meeting again in August, given the combination of still-sticky inflation and evidence that the labour market is quite clearly cooling. A deterioration in the labour market should, in theory, put downward pressure on inflation, but until there are clear signs of this in the hard data, the Bank should be careful not to claim victory over inflation quite yet, ...
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