Trump Backs Warsh After Fed Defies His Call for Rate Cuts
President Donald Trump said he still had confidence in Federal Reserve Chairman Kevin Warsh and criticized what he said was a “hostile” board even after the central bank unanimously defied his calls to lower borrowing costs. Global bond yields retreated as the Federal Reserve’s rate hike and vow to tame inflation calmed a pressured market.
President Trump floated hitting goods imported from the European Union with fresh tariffs or even cutting off some trade if he determined that a push to make Canada a potential associate of the bloc was harmful to the US.
Britain’s monarch plans to ask some of the most critical figures in artificial intelligence for reassurances they can keep their inventions under control. Nvidia CEO Jensen Huang, OpenAI’s CFO Sarah Friar and Google DeepMind co-founder Demis Hassabis will attend an event convened by King Charles III in Scotland.
Today’s guests: Jari Stehn, Goldman Sachs Chief European Economist; Fabianna Del Canto, MUFG Co-Head of EMEA Capital Markets; Azeem Azhar, Exponential View Founder
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:25 – Fed hikes rates and signals more to come
00:02:57 – Trump backs Warsh and faults hostile Fed board
00:04:23 – Jari Stehn, Goldman Sachs Chief European Economist
00:09:18 – Trump threatens EU tariffs over Canada
00:12:31 – Jari Stehn, Goldman Sachs Chief European Economist
00:16:55 – Fabianna Del Canto, MUFG Co-Head of EMEA Capital Markets
00:23:35 – Thursday headlines
00:24:05 – King Charles set to meet AI leaders in Scotland
00:26:00 – Azeem Azhar, Exponential View Founder
00:35:17 – WEF: Gender equality to make 120 years even as gap narrows
00:35:43 – Saadia Zahidi, World Economic Forum Managing Director
00:41:53 – Goldman CEO warns of higher costs
00:43:33 – Bank of England set to hold rates and warn on inflation today
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