logo
episode-header-image
May 2020
8m 43s

Jay Powell calls for more fiscal stimulu...

Financial Times
About this episode

Federal Reserve chair Jay Powell said on Wednesday that additional fiscal stimulus may be “worth it” to shield the US economy from long-term economic damage due to the pandemic, meanwhile, OECD secretary-general Angel Gurría warned that rising debt levels would “come back to haunt us”. Plus, BMW is facing criticism for plans to make a dividend payout to shareholders despite requesting subsidies from the German government. Then, collateralised loan obligations, or CLOs, have boomed over the past decade. The FT’s capital markets correspondent, Rob Smith, explains why they could be vulnerable during the recession. 

 

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

 

You can watch the full Angel Gurría interview from The FT’s Global Boardroom event here.


Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
Skydance’s debt pile takes the spotlight
Paramount Skydance is tackling a huge pile of debt following its takeover of Warner Bros Discovery, oil tanker captains are being paid rates equivalent to $100,000 a month for travelling through the Strait of Hormuz, and the UK’s tax authorities probed Manchester City in 2018. Pl ... Show More
13m 55s
Yesterday
The bond sell-off comes for corporate America
A sharp rise in US government borrowing costs this year is bleeding into the corporate debt market and Hong Kong’s de facto central bank questioned HSBC on why its new AI hub would be established in Singapore. Plus, Brazil’s currency, stocks and bonds jumped after rightwing presi ... Show More
10m 45s
Oct 5
The Tories go back to basics
Tory leader Kemi Badenoch will solidify her role at the head of the party during this week’s conference, and corporate dealmaking was on the decline last quarter after the collapse of mega-deals. Plus, Estonia is moving troops to its border with Russia and Israel’s prime minister ... Show More
10m 49s
Recommended Episodes
Dec 2021
Powell Finally Admits Inflation Isn’t Transitory – Ep 756
* Dow down over 1300 points in 2 days over Omicron variant concerns. * Bubble market found its pin. * Powell is essentially a member of the Biden administration. * The only tools the Fed has left will destroy the bubble economy if they use them. * Powell lies about the credit wor ... Show More
57m 17s
Feb 2023
Yet more comments from Jerome Powell
<p>A week after delivering a 25 basis point interest rate hike, Federal Reserve Chairman Jerome Powell welcomed disinflation yesterday, but warned that if we see stronger labour reports, or signs that inflation is creeping back in then “it may well be the case that we have to do ... Show More
7m 38s
Aug 2021
Stimulus Even Harder to Exit Than Afghanistan – Ep 725
* Markets spooked by CNBC interview with Boston Fed President. * Higher inflation leads to more poverty and a wider wealth gap. * Food stamps are really money stamps. * Media campaigns to soften up the public to inflation. * Stimulus postponed the pain for some, but it’s about to ... Show More
47m 6s
Dec 2020
Surveillance: Stimulus Bets With BofA's Meyer
Greg Boutle, BNP Paribas U.S. Head of Equity & Derivative Strategy, says there could be a new volatility regime in 2021. Jeremy Stretch, CIBC Head of G-10 FX Strategy, discusses U.S. Treasury report designating Switzerland and Vietnam as currency manipulators. Michelle Meyer, Bof ... Show More
28m 51s
Mar 2020
Republican $1tn plan, Paul Tucker on damage limits
The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.Friday, March 20Repu ... Show More
10m 56s
Oct 2020
Surveillance: Recovery Risk With Deustche Bank's Ryan
Michael Cloherty, UBS Head of U.S. Rates Strategy, says there's not much of a hedge benefit from Treasuries at current levels. David Riley, BlueBay Asset Management Chief Investment Strategist, sees more upside potential in the U.S. Julie Norman, University College London Politic ... Show More
27m 29s