Some time. Several saw policy at or near the peak, near means maybe one more hike, at means were there already. All agreed that the committee was in a position to proceed carefully. Weve heard that from several fed officials since the meeting. Several say the Balance Sheet reduction can continue even when the fed is cutting rates. Participants say risk from over or undershooting on rates was now more twosided than it had been in the past. Various participants pointed to downside economic risks, including credit tightening from the banks, lagged effects of Monetary Policy as well. Many noticed that its coming under pressure amid high inflation and declining savings. Theres concern about the commercial real estate sector, the availability of childcare which is believed to have brought a lot of people into the workforce. The availability of childcare. Auto workers strike was on their mind. Upside risk to inflation from the auto worker spike. Theyre hoping new data would clarify the proces
Missing estimates and comcast dividend boost well go through the report and tell you everything you need to do the Big Bank Ceos are speaking out on everything from taxes to bitcoin, well hear from jamie dimon. First up, ge missing its Fourth Quarter results of weakness and Power Division its cash flow is improving this is John Flannery on the Conference Call talking about some of the early challenges that the company has faced you heard a lot from us since i came ceo in august i recognize the news we share in that time, power and insurance have been tough. We have moved to tackle the issues our responsibility is to reshape this company and ensure that ge matters as much in the next century as it has in the past. They did say we expect more challenges to continue at least for power right, the relevance of ge is largely going to be aerospace and power is a disaster. Sometimes you wonder whether what did they do to make you feel that power is good. You know who seems to be as interested
Nice to be here. Would you agree with me that your bank has moved an awful long way from those early days and from its original mission . No, i wouldnt. I would certainly agree with you that we have expanded our geographically, but the mission is the same. Private sector development, the creation of effective markets. Were still actually operating in oui were still actually operating in our traditional region. But because of the success of the Business Model, we decided we should expand to turkey, central asia and north africa, as you said. It is a sign of success, not mission creep. The problem with that is that from the beginning, you were a Financial Institution underpinned by a clear statement of values. In the places youve just outlined where you operate today, those values do not seem to be applied in the same way. Sometimes there are values, such as political, democratic, values, pluralism, like stated. They are certainly applied inconsistently in some places. But we are very op
Nice to be here. Would you agree with me that your bank has moved an awful long way from those early days and from its original mission . No, i wouldnt. I would certainly agree with you that we have expanded our geographically, but the mission is the same. Private sector development, the creation of effective markets. Were still actually operating in oui were still actually operating in our traditional region. But because of the success of the Business Model, we decided we should expand to turkey, central asia and north africa, as you said. It is a sign of success, not mission creep. The problem with that is that from the beginning, you were a Financial Institution underpinned by a clear statement of values. In the places youve just outlined where you operate today, those values do not seem to be applied in the same way. Sometimes there are values, such as political, democratic, values, pluralism, like stated. They are certainly applied inconsistently in some places. But we are very op
Nice to be here. Would you agree with me that your bank has moved an awful long way from those early days and from its original mission . No, i wouldnt. I would certainly agree with you that we have expanded our geographically, but the mission is the same. Private sector development, the creation of effective markets. Were still actually operating in oui were still actually operating in our traditional region. But because of the success of the Business Model, we decided we should expand to turkey, central asia and north africa, as you said. It is a sign of success, not mission creep. The problem with that is that from the beginning, you were a Financial Institution underpinned by a clear statement of values. In the places youve just outlined where you operate today, those values do not seem to be applied in the same way. Sometimes there are values, such as political, democratic, values, pluralism, like stated. They are certainly applied inconsistently in some places. But we are very op