monetarypolicy

Bloomberg's Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision 

See omnystudio.com/listener for privacy information.

Bloomberg's Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance

See omnystudio.com/listener for privacy information.

On today's podcast:

1) Biden Team to Lambaste Trump’s Economic Plans During Address

2) Powell Testifies Before Congress

3) NYCB Raises Over $1 Billion in Equity Led by Mnuchin’s Firm 

See omnystudio.com/listener for privacy information.

Facebook turned 20 over the weekend, so we’re taking a trip down memory lane. Guest host Matt Levin joins the pod to discuss the parallels between the (begrudging) acceptance of Facebook and the rise of artificial intelligence. And the SAT requirement is back at a top college and others may follow suit. We’ll talk about what this means for students. Plus, a Kai rant on how traders are responding to Powell’s “60 Minutes” interview, and the Make Me Smile of all Make Me Smiles … it’s the 2024 Puppy Bowl!

Here’s everything we talked about today:

• • “Facebook Turns 20: From Mark Zuckerberg’s Harvard Dorm Room to the Metaverse” from The Wall Street Journal

• •  “A Top College Reinstates the SAT” from The New York Times

• • “Stock Market Today: S&P 500 Falls After Powell Says Caution Needed on Rate Cuts” from The Wall Street Journal

• • “Fed Chair Jerome Powell: The 2024 60 Minutes Interview” from CBS News

• • “Meet the Players of Puppy Bowl XX” from Discovery

• • “How the Puppy Bowl became a marketing juggernaut in its own right” from Marketplace

We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance 

See omnystudio.com/listener for privacy information.

The rate banks pay on savings accounts hit the headlines earlier this year, when an outflow of deposits contributed to the collapse of Silicon Valley Bank and other lenders. Suddenly, the mechanics of how banks attract deposits — and what they actually do with them — became a hot topic. And even before then, there'd been a lot of discussion over why many banks hadn't passed on the surge in benchmark rates to their customers by raising rates on savings accounts. So what exactly do banks use deposits for? How do those deposits behave? And can that behavior change in different interest rate environments? In this episode we speak with Josh Younger, senior adviser at the Federal Reserve Bank of New York and formerly at JPMorgan, about his recent research looking at how banks pass on higher interest rates and what it means for their own exposure to interest rates.

See omnystudio.com/listener for privacy information.

How many bears does it take to change a lightbulb? None, it will never happen. Join us today as we debrief reporter Jenn Hughes, recently back from a conference hosted by the biggest bear of them all, Jim Grant, longtime editor-in-chief of Grant’s Interest Rate Observer. The cautious conferees had one thing on their minds: the explosion in government debt. One solution: yield curve control. Also, we go long cats, and short chewing tape. 

For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer

Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X, formerly Twitter. You can email Ethan at ethan.wu@ft.com.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Economists have stopped waiting for interest rates to drop because it doesn’t seem to be coming. The upward pressure on long-term bond yields suggests that this situation could last for a while. How should the world adjust? Israel’s economy might be in good enough shape to withstand the next few months, but a longer war won’t come cheap (12:00). And, Jilly Cooper’s sexy new book (18:55).

Sign up for a free trial of Economist Podcasts+

If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription.

For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Hosted on Acast. See acast.com/privacy for more information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including Fed Chair Jay Powell heads to Capitol Hill, plus, key hearings coming on Fed nominees, decision day coming for the Bank of England, and India's Prime Minister heads to Washington while Russia is front and center. 

See omnystudio.com/listener for privacy information.

The IMF has struck a deal with Ukraine to provide a $15.6bn loan, some former central bankers say pausing rate increases because of the banking sector turmoil would be a mistake, shares of First Republic Bank rallied after US Treasury secretary Janet Yellen said the government stood ready to provide further support for smaller lenders, and China's leader Xi Jinping has backed Russian president Vladimir Putin’s stance on his war in Ukraine but refrained from endorsing his statements about a planned gas pipeline. 

Mentioned in this podcast:

Ukraine clinches $15.6bn IMF loan

Former officials split on what central banks should do next 

Janet Yellen says US prepared to give more support to banks

Xi Jinping backs Vladimir Putin on Ukraine but holds out on Russian gas pipeline

Download the FT Edit app here: ft.com/ftedit

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

For years, people have identified the lack of fiscal transfers and fiscal burden sharing as one of the glaring architectural flaws of the European economy (particularly within the eurozone). One positive that may result from this crisis is the potential for that to change. Last month, EU governments made an agreement to establish a recovery fund that would see wealthy, thriving countries (like Germany) directly aid in the economic recovery of countries that are struggling (such as Italy). It’s something people hoped to see during the eurozone crisis of nearly a decade ago, but which never quite panned out. On this episode, we speak with former ECB Vice-President Vítor Constâncio about the historic step, and the future for central banking at a time when fiscal firepower is becoming even more important.

See omnystudio.com/listener for privacy information.

Hosted on Acast. See acast.com/privacy for more information.

Plenty of people pay their kids an allowance to teach them the value of hard work and earning money. But our guest on this week’s Odd Lots podcast takes it to the next level. Toby Nangle is a fund manager at Columbia Threadneedle Investments, who also happens to be fascinated with the question of how money and banking really work. So rather than just give his kids a typical allowance, he uses their spending money to run monetary experiments. How do children react to higher rates on savings? How do they react to negative interest rates? What are the ramifications of his policies on his own internal household wealth inequality. In this episode, Nangle talks about what he and his kids have learned in the process.

See omnystudio.com/listener for privacy information.

This week we meet Keith Richards of the Rolling Stones to talk about his guitar collection and... oh, sorry, that's not true.

However we dress this up, the truth is that this week's show and probably next week and the week after features more Brexit.

Not too much though. Saved by of all things, Milton Keynes and more specifically its car parks.

To kick off, Simon Lambert, Rebecca Rutt and George Frost take a reflective look over the week's events and wonder in the wake of Brexit...

What's the point of interest rates, and interest rates meetings and Bank of England musings on interest rates if they never change?

What's the point of quantitative easing if all it does is stoke house prices?

What was the point of George Osborne? Remember him? The Chancellor who gambled it all on house prices and fear... and lost.

What's the point of estate agents now buyer demand for homes has fallen at the sharpest rate on record?

What's the point of new Chancellor Phillip Hammond when we have no economic plan? At least this one's got a degree in economics and industry experience.

What's the point of the new Cabinet? The government one, not a sideboard - or maybe there's not a lot of difference.

What was the point of austerity when all it did was make the poorest pay for riches' mistakes.

It's a great show.

There's some stuff on pensions and when they're next going to be mucked about with and parking rage and portal juggling.

And finally, the economy may be heading back to the dark ages but the future has arrived in Milton Keynes.

It's been named the second best place to work in the country and it's going to get better with free parking for electric cars.