Powell's Testimony on Fed Rate Increases

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The S&P 500 ended the day down 1.5 percent, and the yield on the policy sensitive two-year treasury had its highest level in 16 years. The implication here is that the central bank could opt for a 50 basis point rate rise when it meets in two weeks. But some economists say it depends chiefly on the outcome of incoming data before the next meeting. And if let's say those numbers come in stronger than expected or do not show a significant kind of deceleration from the pace of the previous month, then the Fed may follow through with this more aggressive outcome.

Jay Powell warned US lawmakers that the Federal Reserve is prepared to return to bigger interest rate rises to fight inflation, and the US gender pay gap has barely budged in the past two decades. Plus, the FT’s Ortenca Aliaj explains how Hindenburg Research may have shorted Adani stocks.

Mentioned in this podcast:

How did Hindenburg short Adani stock?

Jay Powell warns Fed is prepared to return to bigger interest rate rises

Women still struggling to close corporate America’s gender gap

Credit: C-SPAN Federal Reserve Chair Testifies on Monetary Policy and the Economy

Download the FT Edit app here: ft.com/ftedit

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.