Instant Reaction: Jay Powell's Jackson Hole Speech

Instant Reaction: Jay Powell's Jackson Hole Speech

Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee discuss remarks from Fed Chair Jay Powell following his speech at the Jackson Hole Symposium on a special edition of Bloomberg Surveillance.
They speak with:

  • Jim Bullard, Former St. Louis Fed President
  • Kate Moore, Citi Wealth CIO
  • Rich Clarida, Former Fed Vice Chair

    Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain.“The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance,” Powell said in remarks prepared for the Fed’s annual conference in Jackson Hole, Wyoming on Friday. “Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”
    Following Powell’s remarks investors boosted bets that the Federal Open Market Committee would cut rates at their Sept. 16-17 meeting.

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Cory Booker on 'Cutting Thru Red Tape' on Tunnel Project(Audio)

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(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Senator Cory Booker to discuss the status of the Gateway Rail Tunnel project: his views on the project, potential funding from the government, and cutting through the red tape.See omnystudio.com/listener for privacy information.

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11 Maj 20165min

Diane Swonk Sees U.S. Election Driving Bond Prices Lower(Audio)

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Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

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Miller Tabak's Maley: Fed Continues To Bail Out Congress(Audio)

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Boston Ballet's Nissinen on William Forsythe Partnership(Audio)

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Margaret Marshall: Bathrooms Are Focus of Segregation (Audio)

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