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13.12.25 - 16:48
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Wall Street Week | Hubbard on Fed Cut Fallout, Open Source AI, Nuclear Bet, Department Store Revival (Bloomberg)
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This week, Glenn Hubbard warns that tariffs, shaky data and a mature credit cycle create risks as the Fed looks toward 2026. And, will open AI ecosystems win out over closed models, as AMD CEO Lisa Su and former IBM CEO Sam Palmisano suggest? Plus, from AI to manufacturing, soaring electricity demand is forcing a rethink of where our power comes from and how fast we can build to generate it. Later, can Macy's reinvent the department store for today's shopper? (Source: Bloomberg)...
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13.12.25 - 12:24
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Trump demands Fed listen to him as he lines up new leader: ′I′m a smart voice′ (The Guardian)
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Ex-Fed governor Kevin Warsh is at top of his list to succeed Powell as central bank's chair, president says in interviewDonald Trump declared he “should be listened to” by the Federal Reserve, as he weighs candidates to lead the central bank amid an extraordinary campaign by the White House to exert greater control over its decisions.The US president said on Friday that former Fed governor Kevin Warsh is currently top of his list to chair the central bank. Continue reading......
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13.12.25 - 01:12
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The Fed′s Next Chair Faces AI Uncertainty, Political Heat and Credit Risks (Bloomberg)
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The Federal Reserve has just cut rates by 25 basis points into an economy it still expects to grow faster next year, raising questions about why it eased and how much further it can go. Former Council of Economic Advisers chair Glenn Hubbard discusses the decision, the neutral rate and why he doesn't see much more room for rate cuts going into 2026. (Source: Bloomberg)...
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