Federal Reserve Governor Christopher Waller says the US central bank is moving toward a system-wide deployment of artificial intelligence across regional banks. He speaks at a conference organized by the Boston Fed.
The Conference Board's gauge of consumer confidence increased to 91.2, from an upwardly revised 89 last month, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 87.1. Mike McKee reports on "Bloomberg Open Interest."
Federal Reserve Bank of Chicago President Austan Goolsbee says he is more concerned about inflation amid a "steady" job market. Speaking with Mike McKee on "Bloomberg Open Interest," Goolsbee also comments on what the tariff ruling could mean for inflation and Fed Chair Jerome Powell possibly staying on the central bank's board.
Federal Reserve Governor Lisa Cook said the US central bank may not be able to counter rising unemployment driven by adoption of artificial intelligence. Cook warned, "our normal demand-side monetary policy may not be able to ameliorate an AI-caused unemployment spell without also increasing inflationary pressure," during comments Tuesday at an event in Washington.
"I'm a big supporter of his," Federal Reserve Bank of Chicago President Austan Goolsbee says when asked about Fed Chair Jerome Powell staying on the central bank's board during an interview with Mike McKee on "Bloomberg Open Interest."
Federal Reserve Bank of Chicago President Austan Goolsbee says he is a little more concerned about inflation right now because the job market appears "pretty steady" during an interview with Mike McKee on "Bloomberg Open Interest."
Meta Platforms will buy AMD chips and computers designed to run artificial intelligence models over a five-year stretch, beginning in the second half of 2026. Ed Ludlow reports on Bloomberg Television.
Bob Michele, global head of fixed income at JPMorgan Asset Management, explains the factors he sees creating "nice" tailwinds for the bond market.
A short-lived rebound in stocks petered out as fears about the disruptive impact of artificial intelligence continued to unsettle markets.That's after tech, delivery and payment shares slid following a Citrini Research report outlining potential AI risks across industries. The weakness was compounded by lingering uncertainty over President Donald Trump's tariffs. Erik Wytenus is Head of EMEA Investment Strategy at JPMorgan Private Bank joins Stephen Carroll and Caroline Hepker to discuss.
JPMorgan CEO Jamie Dimon, when asked about fierce competition across the financial industry, said he's starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously. "I see a couple people doing some dumb things," Dimon told investors on Monday. Bloomberg's Silas Brown reports.
"We will not need to see the disruption to see some of the issues," said Hamza Lemssouguer, founder and chief investment officer of Arini Capital Management, in an interview. "The market always gets ahead of it. The immediate issue that we see is the increase in cost of capital for a lot of these companies which will eventually lead to significant defaults, disruption and dislocation in credit markets." He speaks to Ruth David for Bloomberg Television in London. (Corrects guest's job title in video description.)
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
