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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Logic's O'Neill: Global Oil Demand is Underestimated (Audio)

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(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Bill O'Neill, Founder and Partner at Logic Advisors, on the oil markets and the new Saudi oil minister's statement that they will not be cutting back on production.See omnystudio.com/listener for privacy information.

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1-800-Flowers.com's McCann on Using AI to Place Orders (Audio)

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(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Jim McCann, Founder and CEO of 1-800-Flowers.com, on their recent technology announcements with Facebook, Amazon and IBM, and their forecast for Mother's Day.See omnystudio.com/listener for privacy information.

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BlackRock's Winshel: Millenials Driving Impact Investing(Audio)

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6 Maj 201611min

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

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Starburst's Espahbodi on Growing Investment in Aerospace(Audio)

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Senator Lieberman Advises Against Any Business With Iran(Audio)

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(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Former Senator Joe Lieberman, Chairman of UANI-United Against Nuclear Iran, discusses why his organization is warning companies that re-entering the Iranian market is risky business.See omnystudio.com/listener for privacy information.

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DOL's Shierholz: Increase in Hours Offsets Job Growth (Audio)

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