The chapter features a conversation between the chairman of the Economic Club of Washington and Jay Powell, discussing their relationship, Powell's communication style as Chairman of the Fed, and the potential impact of the November presidential election on Fed policymakers. They touch on the Fed's focus on data, Powell's handling of the economy, and the challenge of remaining neutral amidst political tensions. There's also reflection on recent violent events in the country, discussing the divide between Democrats and Republicans and expressing hope for unity in the future.
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Carlyle Co-Founder David Rubenstein shares the details of his Peer-to-Peer interview with Fed Chair Jay Powell who said second-quarter economic data has provided policymakers greater confidence that inflation is heading down to the central bank’s 2% goal, possibly paving the way for near-term interest-rate cuts. David Konrad, Managing Director at KBW, breaks down bank earnings provides his outlook. Peter Atwater, President at Financial Insyghts, talks about connecting the economy to Wall Street and politics. LinkedIn COO Dan Shapero explains how AI is changing jobs and the labor market. And we Drive to the Close with Mary Ann Bartels, Chief Investment Strategist for Sanctuary Wealth.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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