Squawk Pod Perplexity CEO Aravind Srinivas & Cleveland Fed President Beth Hammack 4/24/25
6 snips
Apr 24, 2025 
Aravind Srinivas, CEO of Perplexity, an innovative AI search engine company, joins Beth Hammack, the Cleveland Fed President and former Goldman Sachs market participant. They dive into the current market volatility influenced by U.S.-China trade tensions and antitrust scrutiny over tech giants. Srinivas sheds light on how AI is reshaping competition in the search market. Meanwhile, Hammack shares insights on monetary policy and data-driven decision-making, all while juggling the cultural highlights of events like the Kentucky Derby.
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Tariff Uncertainty Hinders Investment
- Businesses face significant uncertainty from tariffs affecting investment and hiring decisions.
- Long-term policy stability is crucial for capital investment to make sense.
Fed Urged to Be Patient
- The Fed should move cautiously and base decisions on clear data amid economic uncertainty.
- Patience is essential to avoid wrong moves during volatile circumstances.
Market Volatility Prompts Position Cuts
- Market volatility leads investors to reduce position sizes to manage risk effectively.
- Healthy markets allow risk transfer even in periods of high volatility.