In this chapter, the speaker discusses their conversation with Nancy Tangler, the Chief Investment Officer at Laffer Tangler Investments, regarding the recent statements made by the Fed Chair Jerome Powell. They mention the impact of the 10-year yield on the stock market and ask for Nancy's take on Powell's comments. Nancy expresses her belief that there was nothing new in Powell's statements and that the Fed is likely finished with rate hikes.
Bloomberg News International Economics & Policy Correspondent Michael McKee reports on Federal Reserve Chair Jerome Powell saying the US central bank is prepared to raise interest rates further if needed from the Jackson Hole Economic Policy Symposium. Mike Belshe, CEO of BitGo, discusses the need for a regulated environment to safely store digital funds. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick provide the details of Liz's Businessweek Magazine story US Budget Deficits Are Exploding, With No End in Sight. And we Drive to the Close with Nancy Tengler, Chief Investment Officer at Laffer Tengler Investments.
Hosts: Carol Massar and Jess Menton. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.