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Kenneth Rogoff, Chair of International Economics at Harvard, warns that rising debt and persistently higher interest rates are leaving the US increasingly vulnerable to the next major shock. He discusses why Washington cannot simply grow its way out of the problem, and why a fiscal crisis may ultimately be needed to force meaningful action. Rogoff spoke to Bloomberg’s Tom Keene on the sidelines of the Jackson Hole Economic Symposium.
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Bank of England Governor Andrew Bailey says the UK is not yet experiencing significant second-round inflation effects, citing a softening labor market. He spoke to Bloomberg's Lisa Abramowicz on the sidelines of the Jackson Hole Economic Symposium, ahead of the central bank’s next interest-rate decision on September 17th.
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Former Kansas City Fed President Esther George says inflation that continues to be "sticky" requires a response from Fed and that the question is: will the central bank respond with "Words or an action." Speaking with Bloomberg News' Lisa Abramowicz and Tom Keene ahead of Fed Chair Kevin Warsh's scheduled remarks, George says it's important for Fed to follow through to keep its credibility.
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Cleveland Fed President Beth Hammack says interest rates remain the central bank's clearest and most transparent policy tool for adjusting monetary policy. Speaking to Tom Keene, Lisa Abramowicz and Michael McKee on the sidelines of the Jackson Hole Economic Symposium, Hammack says policy makers "don't really know" how changes in the balance sheet will flow through the broader economy.
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Texas Agriculture Commissioner Sid Miller discusses President Trump's push to bring in more foreign beef, and says it is hurting US ranchers and could cost Republicans support in the midterm elections. Miller, also said he had a "heated discussion" with Agriculture Secretary Brooke Rollins over the policy and calls for mandatory country-of-origin labeling for beef. Miller spoke with Bloomberg's Joe Mathieu and Tyler Kendall.
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Angelo Zino, SVP and Tech Lead at CFRA Research talks about Nvidia's blowout revenue forecast, the AI tech trade and more. He speaks with hosts Paul Sweeney and Alexis Christoforous.
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Qantas Airways will retire its Airbus A380s from 2028 and phase out its A330 fleet, replacing them with more fuel-efficient aircraft. Vanessa Hudson, Qantas Group CEO, speaks to host Guy Johnson about the challenges and opportunities facing the business and more.
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Federal Reserve Bank of Kansas City President Jeff Schmid said monetary policy may be accommodative rather than restrictive, citing underlying demand pressures that could justify a rate hike as soon as September 16. Schmid rejected the idea that the October 28 meeting is off the table due to the midterm election. Speaking with Bloomberg's Michael McKee on the sidelines of the Jackson Hole Economic Symposium, he also addresses the future of the central bank’s communications and meeting schedules.
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Utah Governor Spencer Cox discusses Meta’s settlement, arguing the amount should have been much higher, yet argues the more consequential result is the equitable relief requiring child accounts, age-gating, parental controls, algorithm changes, overnight restrictions and healthy pauses. Cox thinks Meta buried research showing significant harms to young users and says Utah will use the money to mitigate those harms, help struggling children, and create more opportunities for them in the real world. Cox spoke with Bloomberg's Joe Mathieu and Tyler Kendall.
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Lam Research is announcing a major expansion of its semiconductor research and development footprint in Oregon, as part of a $1.5 billion investment in the state.
Lam Research CEO Tim Archer discusses the expansion and the state of the AI infrastructure buildout. He speaks with hosts Tim Stenovec and Lisa Mateo, along with Bloomberg Tech co-host Ed Ludlow.
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