This chapter delves into Federal Reserve policy discussions and the future of Jay Powell as Fed Chair. It assesses Powell's decision-making, especially in light of inflation and pandemic impacts, while expressing confidence in the Fed's independence amid political pressures.
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Bloomberg News Contributor Jon Erlichman and Bloomberg News Social Media Reporter Aisha Counts break down Meta reporting better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence are helping it sell more targeted and personalized advertisements. Nate Thooft, CIO at Manulife Investment Management and Bloomberg News Rates Reporter Michael Mackenzie discuss the impact of the Fed decision on the markets and the economy. Frank Sorrentino, CEO at ConnectOne Bank, explains what Fed policy means for banks and small businesses.
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