Bloomberg's Tom Keene, Lisa Abramowicz, and Michael McKee spoke with a number of financial experts on the sidelines of the Jackson Hole Economic Symposium in Wyoming on Friday, where they broke down the speech from Federal Reserve Chairman Kevin Warsh. In his first appearance as chair from the annual gathering, Warsh said if inflation doesn't meaningfully slow down, policymakers have "work to do."
President Donald Trump said he plans to authorize farmers and ranchers to process their own food, the administration's latest move targeting US meatpackers in an effort to bring down high beef prices. Will Harris Owner and operator of White Oak Pastures joined Balance of Power to discuss this as well as how the Iran War is affecting the farming industry as a whole.
Leela Gray, a Democratic congressional candidate in Florida and retired army brigadier general, said the war with Iran has "achieved nothing but a cost of living crisis." as we hit the sixth month mark of the Iran War.
European Central Bank Governing Council member Martin Kocher says, "the European economy is more resilient than many people think, it is showing some momentum now, more momentum." He discusses his takeaways from Federal Reserve Chairman Kevin Warsh's speech and watching for potential signs of second-round effects in inflation over the coming months. He speaks with Lisa Abramowicz on the sidelines of the Fed's annual economic symposium in Jackson Hole, Wyoming.
Kenneth Rogoff, professor of economics at Harvard University and former chief economist at the IMF, discusses the US deficit problem and why he thinks it is unlikely to be addressed until a major crisis forces voters to act. He speaks with Bloomberg's Tom Keene at the Federal Reserve's annual conference in Jackson Hole, Wyoming.
Bank of England Governor Andrew Bailey says the UK is not yet experiencing significant second-round inflation effects, citing a softening labor market. He speaks to Bloomberg's Lisa Abramowicz at the Federal Reserve's annual gathering in Jackson Hole, Wyoming.
A clear signal that bond markets see credibility in the Federal Reserve's inflation stance is the jump in real yields, which is outpacing that of nominal and breakeven rates. Bloomberg 'Odd Lots' podcast hosts Tracy Alloway and Joe Weisenthal discuss Kevin Warsh's debut Jackson Hole speech as Fed Chair.
Bank of England Monetary Policy Committee member Catherine Mann discusses central bank reaction functions and managing inflation from supply shocks. She also points to research showing evidence of the immediate effect that central bank decisions can have on economic activity. Mann speaks on the sidelines of the Jackson Hole Economic Policy Symposium.
Richard Clarida, Pimco global economic adviser and a former Federal Reserve vice chairman, says the Fed is prepared to hike if inflation pressures don't ease. He speaks after Fed Chairman Kevin Warsh's speech at the central bank's annual conference in Jackson Hole, Wyoming.
Citi Wealth CIO Kate Moore joins Bloomberg's Lisa Abramowicz and Tom Keene from Jackson Hole, Wyoming. She reacts to Fed Chair Kevin Warsh's debut Jackson Hole speech.
Federal Reserve Chairman Kevin Warsh warns inflation isn't meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has "work to do." He speaks at the Fed's annual conference in Jackson Hole, Wyoming.
Federal Reserve Chairman Kevin Warsh explains why he doesn't believe in the practice of issuing forward guidance. He says "accuracy in economic forecasting is still just an aspiration." Warsh speaks at the Fed's annual conference in Jackson Hole, Wyoming.
