FT News Briefing When Biden meets Putin
Jun 15, 2021
The world's longest undersea electric cable between the UK and Norway is about to make waves in sustainable energy. The U.S. Federal Reserve is weighing its options as economic recovery looms, discussing potential cuts to its asset purchase program. Tensions rise as NATO issues warnings regarding China's military ambitions. Ahead of the Biden-Putin summit, the podcast delves into the strategic goals and differing perspectives surrounding this significant diplomatic meeting, highlighting the complexities of U.S.-Russia relations.
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Tapering Asset Purchases
- The Federal Reserve is considering when and how to reduce its $120 billion monthly asset purchases.
- They aim to avoid disrupting the market while addressing rising inflation.
Biden-Putin Summit Goals
- Biden seeks a stable, predictable relationship with Russia, focusing on containing China.
- Putin gains by participating in this high-profile summit, demonstrating Russia's power.
Contrasting Summit Styles
- The 2018 Helsinki meeting between Trump and Putin was memorable for Trump's controversial remarks.
- The upcoming Biden-Putin meeting will be less spectacular, focusing on establishing communication.