
Wall Street Week
Bloomberg Wall Street Week: November 24th 2023
Nov 25, 2023
Federal Reserve Chair Jerome Powell discusses the Fed's fight against inflation, Former Treasury Secretary Lawrence H. Summers emphasizes the need for the Fed to respond to the fiscal problem, and Incoming Brookings Institution President Cecilia Rouse suggests that a cooling labor market could slow down the Fed's tightening cycle. Other topics include the relationship between higher capital requirements and investor interest in US banks, the evolution of private equity, the challenges of turning around GE, and the importance of family dynamics to the economic future of the country.
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Quick takeaways
- Federal Reserve needs to respond to the fiscal problem caused by the country's deficit.
- Optimizing human resources and implementing digital skills can enhance productivity.
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