What Do You Think About Powell's Speech on Wall Street?

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This has been a huge part of the pandemic stimulus policy. James, how big of a moment is this? It won't be a big moment. The bond bys are going to end a and the rate hikes will begin. And there will be a discussion about the balance sheet of the fad but that will be focused on whether the central bank should start to shrink it.

Tesla reported a record net profit of $2.3bn last quarter but warned of supply chain constraints and the Federal Reserve signalled its intention to raise interest rates in March. Plus, the FT’s China correspondent, Ed White, talks about China’s vaping queen and her company's stock price which went up in smoke this week.

Mentioned in this podcast:

Tesla reports record profit but warns of constraints on supply chain

Fed signals March rate rise as it fights rampant inflation

China’s vape queen hit by Beijing investigation

Apple reclaims top smartphone spot in China

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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