Bloomberg News and Videos — Page 278

Robert Kaplan, a former Dallas Fed president and current vice chairman of Goldman Sachs, says the Fed will be under pressure to deliver price stability if inflation prints don't cool over the summer. He speaks on "Bloomberg: The China Show."

President Donald Trump has signed an interim deal to end the war with Iran and reopen the Strait of Hormuz. Bloomberg's Michael Heath has more.

Onitsuka Tiger is looking to bring its mark as an independent brand, separate from Asics. OT GROUP President and CEO Ryoji Shoda sat down for an interview with Bloomberg News' Shery Ahn in Tokyo to explain his vision for the brand going forward.

Federal Reserve Chair Kevin Warsh spoke at his first news conference since being appointed the central bank's chair. The Fed's policy-setting Federal Open Market Committee decided to leave rates unchanged and vowed to deliver price stability. Here are some of the key moments from Warsh's news conference.

James Beard award wining Chef Kwame Onwuachi, chef of hit restaurants Tatiana, Dōgon, and more, talks about the opening of his new restaurant in Las Vegas, Maroon. He discusses how the infusion of his Afro-Caribbean culture into his restaurants has connected to so many people. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Ho K. Nieh, chair of the US Nuclear Regulatory Committee, said that the NRC has taken 'major steps' to reform its framework for licensing nuclear plants and how it conducts regulatory checks as the Trump administration looks to increase the amount of nuclear energy projects in the United States. Nieh said that despite reforms the NRC remains a 'strong regulator' and could not yet reveal which regulations were under review.

Andrew Szczurowski, strategic income portfolio manager at Morgan Stanley Investment Management, said that it is still to be determined if Kevin Warsh will follow through on hawkish signals he gave in his first press conference as Federal Reserve chair as the Fed held rates steady. Szczurowski, who was joined by Bloomberg Economy's Stuart Paul, said that despite the decision to hold rates, the FOMC remains very divided as members disagree on the direction the Fed should take interest rates.

Kelly Burton, High Yield Portfolio Manager at Barings, discussed the current dynamics in the high-yield credit market, emphasizing strong institutional demand for double B and single B rated credits with yields between 6-8%. Despite elevated yields expected to persist regardless of Federal Reserve actions, Burton noted a complex macroeconomic environment influenced by inflationary pressures, partly driven by geopolitical tensions such as the Iran conflict and high oil prices. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Sheila Bair, former FDIC Chair and Senior Fellow at the Center for Financial Stability, shared her assessment of Federal Reserve Chair Kevin Warsh's first meeting and press conference. Bair commended Warsh for his measured and judicious communication, particularly his firm commitment to price stability and cautious approach to economic projections. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Alan Blinder, former Federal Reserve Vice Chair and current professor at Princeton University, provided insights on the Federal Reserve's newly outlined five task forces, emphasizing the market's keen interest in the Fed's communications strategy and its approach to using existing economic data. Blinder clarified that while the Fed produces some data such as industrial production and interest rates, most critical economic indicators like inflation, unemployment, and GDP come from other statistical agencies. He speaks with Romaine Bostick & Katie Greifeld on "The Close."