Federal Reserve Bank of Cleveland President Beth Hammack says "it's time to act" on hiking rates. Speaking at the Jackson Hole Economic Policy Symposium, Hammack also discusses the efficacy of rates and the Fed's balance sheet as economic tools.
Interest Rates are "the clearest, most transparent, easiest-to-communicate tool that we have," says Cleveland Fed President Beth Hammock, adding that there's a long history showing the impact of interest rate moves on the economy. She spoke with Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee in Jackson Hole, Wyoming.
Former Kansas City Fed President Esther George said that Kevin Warsh will be under pressure to signal how the Fed intends to respond to inflation that has stopped cooling and "is not turning in the direction that the committee had hoped." She speaks on "Bloomberg Surveillance" at the Jackson Hole Economic Policy Symposium.
Federal Reserve Bank of Cleveland President Beth Hammack says the longer the central banks wait to raise rates, to more pain will be felt by everyday Americans. She speaks at the Jackson Hole Economic Policy Symposium.
On this episode of Stock Movers: - PayPal (PYPL) shares are declining after a consortium of Advent and Stripe has decided to abandon its pursuit of PayPal, according to people familiar with the matter. - Marvell Technology (MRVL) shares are lower following its second-quarter fiscal 2027 earnings report, despite edging past Wall Street expectations on both profit and revenue. - Gap (GAP) shares are soaring after the apparel retailer raised both its adjusted earnings per share and adjusted gross margin outlooks for the full year. The company also announced Michael Francis as the newest CEO of Old Navy, which posted a worse-than-feared comparable sales decline in the quarter.
US stocks drifted ahead of Federal Reserve Chair Kevin Warsh's address at Jackson Hole, with traders looking for clarity on his economic outlook and strategy for bringing inflation back to target. Freya Beamish, Chief Economist and Head: Macro Research at TS Lombard, talks about Jackson Hole and the bond market pricing in Bessent and Warsh.
Gene Munster, Deepwater Asset Management managing partner, says what's been happening with Nvidia is "breathtaking." He expects revenue to grow by 90% for the calendar year 2027. He speaks on "Bloomberg Surveillance."
Former Philadelphia Federal Reserve President Patrick Harker says there are three main issues Fed Chairman Kevin Warsh faces during his first speech at the Jackson Hole Economic Policy Symposium. Harker explains what he's looking to hear from Warsh and why the central bank needs to raise the Fed Funds Rate. He speaks on "Bloomberg Surveillance."
"There is something shifting in the inflation picture in the US right now," says Claudia Sahm, chief economist at New Century Advisors. She says on "Bloomberg Surveillance" that it would be "most appropriate" for the Federal Reserve to start raising rates.
Sitara Sundar, JPMorgan Private Bank Head of Alternate Investment Strategy, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss what markets are looking for from Federal Reserve Chair Kevin Warsh's speech at Jackson Hole.
Peter Tchir, head of macro strategy at Academy Securities, says of the US Treasury market, "I don't think this is a bond vigilante thing, I think it's supply and demand," ahead of Federal Reserve Chairman Kevin Warsh's first speech at the Jackson Hole Economic Policy Symposium.
Quantinuum CEO Rajeeb Hazra joins Bloomberg's Lizzy Burden on "The Pulse" to discuss how quantum computing and artificial intelligence are complementary. He also talks about the future of quantum computing, US investment, and if there's been a change in UK investment since the Burnham administration took control.
