Fed's Miran Says War Hasn't Changed Inflation Outlook 12-18 Months Out
Federal Reserve Governor Stephen Miran explains why he thinks it makes sense for interest rates to be lowered during a Bretton Woods event in Washington, D.C.

Federal Reserve Governor Stephen Miran explains why he thinks it makes sense for interest rates to be lowered during a Bretton Woods event in Washington, D.C.
Amalgamated Bank CEO Priscilla Sims Brown joined Bloomberg Open Interest to break down why her bank is thriving in a "higher for longer" rate world. She reveals why loyal, values-driven clients matter more than interest rates, highlights booming demand in clean energy lending, and hints at a wave of potential bank mergers ahead.
Ben McKenzie, actor, director and producer of the new documentary "Everyone is Lying to You For Money" is tearing into the crypto industry, arguing it thrives on speculation, avoids regulation, and enables massive criminal activity. He joined Bloomberg Open Interest with a warning that as crypto becomes more embedded in the financial system, the risks could spill over into the real economy, setting the stage for a crisis eerily similar to the one it claimed to replace.
Elon Musk's staff working on his envisioned Terafab joint venture between Tesla Inc. and SpaceX have reached out to chip industry suppliers seeking price quotes and delivery times for chipmaking gear. Ed Ludlow reports on Bloomberg Television.
Kering CEO Luca de Meo discusses the impact of the war in the Middle East on sales, the firm's partnership with ICCF, the Chinese owner of Icicle, and Demna's role as creative director of Gucci. Demna is "one of the greatest of his generation," de Meo says. "He has now in his hands one of the most beautiful brands in the sector, so I'm pretty optimistic that everything will work," he adds. De Meo speaks to Bloomberg's Caroline Connan in Florence, Italy.
Applications for US unemployment benefits decreased by 11,000 to 207,000 last week, indicating that layoffs remain largely limited. Enda Curran reports on Bloomberg Television.
Bob Lee, a beloved tech executive best known for creating Cash App, was found stabbed in the streets of San Francisco. His death set off a wave of online fury. Rumors and misinformation ran rampant, with tech leaders like David Sacks and Elon Musk loudly disparaging the city for out of control crime. What really happened? Listen to Foundering.
Gargi Chaudhuri, chief investment and portfolio strategist Americas at BlackRock, says her firm is telling investors to go back to focusing on an AI growth theme and to add inflation protection to their portfolios.
Robert McNally, founder and president at Rapidan Energy Group, is "cautiously optimistic" on getting to a better outcome for oil flows through the Strait of Hormuz.
Renault CEO Francois Provost discusses the company's engineering transformation and plans for the Indian market. "Now it's time to boost up again outside Europe," Provost tells Bloomberg. "India is my first priority," he adds. The carmaker CEO also discusses engineering transformation, which he calls the company's "biggest challenge." He speaks with Bloomberg's Alisha Sachdev.