San Francisco Fed President Mary Daly Explains the 'Hawkish Cut'
Odd Lots23 Des 2024

San Francisco Fed President Mary Daly Explains the 'Hawkish Cut'

Last week, the Federal Reserve cut benchmark rates by 25 basis points, but simultaneously signaled a slower pace of cuts for next year. The guidance surprised markets and sparked a selloff in both stocks and bonds as traders adjusted to the new forecast. So what made the Fed change its stance? And where do the balance of risks to the economy lie right now? In this episode, we speak with Federal Reserve Bank of San Francisco President Mary Daly about how she's viewing the outlook for both inflation and the labor market. We also talk about the impact of AI on productivity, and how she's thinking about the potential impact of new policies from the incoming Trump administration.

Read More:
Fed’s Daly Says She’s ‘Very Comfortable’ With Two 2025 Rate Cuts
Powell Signals Fed’s Focus Has Returned Firmly to Inflation

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Episoder(1193)

Legendary Hacker Matt Suiche on Cyberwar in the Age of AI

Legendary Hacker Matt Suiche on Cyberwar in the Age of AI

We tend to think of warfare in two distinct arenas: the physical and the digital. Increasingly, however, those lines are blurring. Last week, Iran launched drone strikes on data centers in the UAE and...

12 Mar 49min

War in Iran Is Creating a Fertilizer Crisis Like Never Before

War in Iran Is Creating a Fertilizer Crisis Like Never Before

We all know that the war with Iran has sent oil prices spiking. But it’s also pushing up the cost of all sorts of chemicals, including fertilizers like urea, ammonia and other nitrogen products that a...

11 Mar 30min

Rory Johnston on How Oil Could Surge to Over $200 a Barrel

Rory Johnston on How Oil Could Surge to Over $200 a Barrel

Oil has obviously spiked massively since the start of the war with Iran. And if you look at various end products, such as jet fuel, the surge is even more extreme. And if the war is prolonged, or if t...

10 Mar 36min

Robinhood CEO Vlad Tenev on Tokenization and Prediction Markets for Everything

Robinhood CEO Vlad Tenev on Tokenization and Prediction Markets for Everything

Last year, we had Robinhood CEO Vlad Tenev on the podcast to talk to us about his company's plans to tokenize shares of private companies. The idea is that retail investors want to participate in hot ...

9 Mar 51min

Henry Blodget on the Software Selloff Hysteria and the Problem for OpenAI

Henry Blodget on the Software Selloff Hysteria and the Problem for OpenAI

A year ago, all of the talk was about how the big AI companies were wildly overvalued. Everyone was calling it a bubble. Fast forward to now, and a dominant idea in the markets is that AI is so powerf...

7 Mar 45min

Lots More on the Seaborne Chaos Around the Strait of Hormuz

Lots More on the Seaborne Chaos Around the Strait of Hormuz

With war breaking out in Iran, the price of oil is surging, in part due to the destruction of oil energy infrastructure, but also the ability of anything to get through the Strait of Hormuz. But it’s ...

6 Mar 30min

Former Goldman Sachs CEO Lloyd Blankfein on Why He Doesn't Tweet

Former Goldman Sachs CEO Lloyd Blankfein on Why He Doesn't Tweet

Lloyd Blankfein was CEO of Goldman Sachs for more than a decade, riding the trading boom to the top of the storied investment bank and steering it through the 2008 financial crisis. In his new memoir,...

5 Mar 47min

How the Speed of a Trade Got Down to Nearly the Speed of Light

How the Speed of a Trade Got Down to Nearly the Speed of Light

The average person can enter a stock trade on their computer, hit refresh, and the trade is done. As fast as that seems, there are professional traders moving even faster, executing thousands of trade...

2 Mar 55min

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