First Move with Julia Chatterley

Yesterday's quarter-percentage-point interest rate hike by the Federal Reserve indicates the central bank is not letting up on its mission to curb inflation, even amidst stressors in the banking sector. Joining the show to provide insight into the Fed's thinking is Nathan Sheets, Global Chief Economist at Citigroup, who worked at the Fed for 18 years.  Also on today's show: Julia talks to US House Representative Debbie Dingell (D-MI) about today's testimony by TikTok CEO Shou Chew, who will face the House Energy and Commerce Committee during his first appearance before Congress. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

It's decision day once again for the Federal Reserve as it weighs its next move on interest rates amid a banking crisis and stubborn inflation. Do they go bold like the European Central Bank (.5% hike) or choose a more modest .25% hike? There's also the camp calling for policymakers to take a time out. Joining Julia to discuss is Jason Furman, former Chairman of the Council of Economic Advisers who's currently a professor of economics at Harvard.  Also on today's show: Ayisha Siddiqa, a member of the UN Secretary General's Youth Advisory Group and cofounder of Polluters Out. The 24-year-old recently appeared on the cover of Time as one of the magazine's Women of the Year. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

It's a high stakes balancing act for the Federal Reserve as policymakers weigh their next move in the battle to tame inflation. Will they hold back from more rate rises because of the stress in the banking sector? Will they follow the European Central Bank's footsteps and raise rates by half a percentage point? Or will they go with a more modest quarter-point hike? Joining the show to discuss is Bill Dudley, who served as president of the New York Federal Reserve from 2009 to 2018.To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

It was another remarkable weekend in the global banking sector, as Switzerland's biggest bank, UBS, agreed to buy its ailing rival Credit Suisse in an emergency deal worth $3.2 billion. Credit Suisse shareholders will be largely wiped out, although shares will retain a fraction of their value. The same cannot be said of owners of $17 billion worth of additional tier one bonds -- they will lose everything. Joining the show to discuss is Vincent Kaufmann, the CEO of Ethos Foundation, a holder of more than 3% of Credit Suisse stock. Ethos is composed of 246 Swiss pensions and public utility foundations. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

It's been a week filled with uncertainty for the banking sector, investors and consumers. The collapse of Silicon Valley Bank and subsequent government takeover, the Credit Suisse stock crash, and yesterday's $30 billion big bank bailout of First Republic have given the Fed a lot to consider ahead of its upcoming interest rate meeting. Former IMF Chief Economist Ken Rogoff, now a professor of economics at Harvard, has repeatedly warned of financial instability if the central bank continues to raise interest rates. He joins Julia to discuss.  To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Julia’s special guest today is venture capitalist Bradley Tusk. He argues that Silcon Valley Bank’s sudden collapse shows that financial regulators are unprepared for bank runs in the age of social media and says major platforms such as Twitter and Instagram should be required to flag major spikes in activity concerning financial institutions to allow regulators to get ahead of possible problems faster.  Also on today’s show: Kristina Hooper, chief global market strategist at Invesco. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Brex is a fintech startup that aims to be a one-stop financial shop for startups and small businesses, offering a deposit account, a corporate credit card and lines of credit as well as expense management tools. Since its 2017 launch it's taken on over 20,000 clients from startups to well-known brands such as Airbnb and Door Dash. After the sudden collapse of Silicon Valley Bank, Brex was inundated with calls from businesses in need of immediate credit lines. Fortunately, they weren't required after the US government stepped in, but Brex founder and co-CEO Henrique Dubugras says the fall of SVB is a pivotal moment for the industry.  To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

US markets rose across the board in early trading today, likely thanks to an encouraging CPI report showing inflation continuing to cool. That could give the Fed some breathing room to hold rates steady next week, given recent pressures on the banking sector. Joining Julia to try and sort things out is Mark Zandi, chief economist at Moody's Analytics. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

President Biden addressed the nation this morning to emphasize the banking system is "safe" following the collapse of Silicon Valley Bank -- the second-largest bank failure in US history. Biden outlined a number of steps his administration is taking to address the issue. But the big question remains: How did this happen? Sultan Meghji, the former chief innovation officer at the Federal Deposit Insurance Corp, joins the show to discuss. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

New data from the Labor Department shows the US added another 311,000 jobs in February, once again far exceeding economists' expectations. The unemployment rate ticked higher (3.6% from 3.4%) and average hourly wages rose 0.2%. Nela Richardson, chief economist and co-head of the ADP Research Institute joins the show to discuss.  Also on today's show: Julia speaks with Wells Fargo Senior Analyst Mike Mayo about the troubles at Silicon Valley Bank (SVB), which is reportedly exploring a sale after selling billions of dollars of assets to make its customers whole and sparking a panic on Wall Street this week. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices