Powell Sees Tension Currently Between Fed's Two Mandates
Federal Reserve Chair Jerome Powell says there's tension currently between the central bank's two main objectives during an event at Harvard University in Cambridge, Massachusetts.

Federal Reserve Chair Jerome Powell says there's tension currently between the central bank's two main objectives during an event at Harvard University in Cambridge, Massachusetts.
Ken Kencel, Churchill Asset Management president and CEO, says the rise of redemption requests from private credit funds are slowing down growth. He speaks to Dani Burger on Bloomberg Open Interest.
"It's something we're following very carefully," Federal Reserve Chair Jerome Powell says about the recent private credit market concerns during an event at Harvard University in Cambridge, Massachusetts.
Space is becoming the next battlefield. York Space Systems CEO Dirk Wallinger joined Bloomberg Open Interest to explain how wartime urgency is reshaping defense technology and shifting from slow, expensive systems to rapid deployment, constant iteration, and scalable satellite networks. As demand surges from the Pentagon, the race to dominate space-based infrastructure is accelerating fast.
Sysco Corp. is acquiring Jetro Restaurant Depot LLC for $29.1 billion from billionaire Nathan "Natie" Kirsh. The deal will create one of the largest food-service groups in the US. Liana Baker reports.
Edward Yardeni, president at Yardeni Research, expects bond yields to "fluctuate at these levels," as the war in Iran continues.
Democratic strategist Adam Hodge from Bully Pulpit International joins Bloomberg Open Interest to break down rising US tensions with Iran, calling out mixed messaging from the White House, Congress's absence during the crisis, and the growing economic fallout. With oil prices climbing and no clear endgame, he talks about what comes next for markets and global stability.
President Donald Trump spoke to Bloomberg's Annmarie Hordern on the phone Monday morning, telling her that Iran wants to settle and that the war is going "unbelievably well." Earlier in a Truth Social post, Trump repeated threats to destroy Iran's energy assets if the Strait of Hormuz isn't reopened soon.
Bob McNally, founder and president at Rapidan Energy Group, says oil markets should fade speculation on a near-term ceasefire in the war in Iran. He explains why there is not a need for the US military to occupy Kharg Island to choke off oil exports from Iran.
Venu Krishna, US equities strategy head at Barclays, raised his price target for the end of 2026 to 7,650, provided the war in Iran gets resolved in the next few months.