Fed Decision Day, Nike's Beat Not Enough, Nvidia CEO and Bill Gates On AI 3/22/23
Squawk on the Street
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The FMC Paused Tightening in May 84 - Is Volcker Right?
The FMC paused tightening in May 84, meaning Chairman Volcker arguing that Fedhad, quote, run out of room for the time being for any tightening given the situation. I'm telling you some really good research being done, this being ignored by a bunch of banks that are saying, look, there's way out of the situation. So don't panic. It feels like we're almost getting our way out of it. That's the way we will. First Republic is still potentially to be dealt with. Why did they hire a loser? And McKinsey, if JP Morgan. What?
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