The Fed's Effort to Manage Inflation

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The odds are stacked against the Fed as it seeks to navigate this next phase of the tightening cycle. Pink Floyd is asking 400 million pounds for its song copyrights and master recordings. U.S. President Joe Biden yesterday announced that he will cancel $10,000 in student loan repayments for eligible Americans. Make sure you check back tomorrow for the latest business news.

Hedge funds have lined up the biggest bet against Italian bonds since the global financial crisis, Japan is looking to rebuild its nuclear energy capacity, and Blackstone has joined the bidding to buy Pink Floyd’s music. Plus, the FT’s Colby Smith looks at how the Federal Reserve handled inflation in the past and whether chair Jerome Powell can engineer a soft landing this time around.

Mentioned in this podcast:

Japan set for new nuclear plans in post-Fukushima shift

Powell to face tough crowd in Jackson Hole

Can the Fed take inflation without causing a recession?

Another brick in the Wall Street as Blackstone eyes Pink Floyd catalogue

Let us know how Joe Biden’s student loan forgiveness programme might affect you: https://telbee.io/channel/akqt6c_h_vlzm47bnoijfw/

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.