Powell Wants Time, Apple Explores Robots & A Swiss Finance Overhaul

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates, even though a recent bump in prices didn't alter their broader trajectory.

(2) President Joe Biden is scheduled to speak with Israeli Prime Minister Benjamin Netanyahu by phone on Thursday, as tensions between the two leaders deepen after the death of seven aid workers delivering food to displaced Palestinians in Gaza, according to a US official.

(3) Barclays left a cap on its bankers' bonuses even after regulators told lenders they can pay their staff as they like as part of the government's broader push to make post-Brexit Britain more attractive as a financial center.

(4) Apple has teams investigating a push into personal robotics, a field with the potential to become one of the company's ever-shifting "next big things," according to people familiar with the situation.

(5) Switzerland is accelerating efforts to reform its banking regulations a year after the collapse of Credit Suisse — and handing more power to those who will enforce them.

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