The cover is an expression of that this week. Jay powell, fed chair, probably the most important person in the world of finance. He heads the Financial Institution that is probably the most important anywhere in the world and for a year now, hes been the target of trumps friend are ire, because trump wants lower rates, lower rates, and jay powell has basically been a stoic figure through all of that. Carol we believe this is an independent organization and for the first time, we are wondering is it going to remain independent . And can they continue to fend off the executive branchs desire for lower rates . We will see what happens this next week with rate cuts. The market basically thinks there will be a rate cut. The bigger story is one we wanted to ask to dig into, which is for a year now, weve lived through the tension between trump and powell, more from trump than from powell. It is onesided, for sure. What effect has not had on the fed . What chris got to was, not much of an effe
Joel weber. A solitary figure on the cover this week, chairman jay powell. We often try to take something complicated and simple it down. The cover is an expression of that this week. Jay powell, fed chair, probably the most important person in the world of finance. He heads the Financial Institution that is probably the most important anywhere in the world and for a year now, hes been the target of trumps twitter ire, because trump wants lower rates, lower rates, and jay powell has basically been a stoic figure through all of that. Carol we believe this is an independent organization and for the first time, we are wondering is it going to remain independent . And can they continue to fend off the executive branchs desire for lower rates . We will see what happens this next week with rate cuts. The market basically thinks there will be a rate cut. The bigger story is one we wanted to ask to dig into, which is for a year now, weve lived through the tension between trump and powell, more
Businessweeks editorinchief, joel weber. We begin with jay powell. Joel take something complicated and this still it down to its most simple form. Istill it down to its most simple form. The cover is an expression of that this week. Jay powell, fed chair, probably the most important person in the world of finance. He heads the Financial Institution that is probably the most important anywhere in the world and for a year now, hes been the target of trumps friend are ire, because trump wants lower rates, lower rates, and jay powell has basically been a stoic figure through all of that. Carol we believe this is an independent organization, and for the first time we are wondering is it going to remain independent . And can they continue to fend off the executive branchs desire for lower rates . Right . We will see what happens this next week with rate cuts. The market basically thinks there will be a rate cut. The bigger story is one we wanted to ask to dig into, which is for a year now we
The cover figure on this week. Fed chairman jay powell. Joel jay powell is probably the most important person in the world of finance. He has the Financial Institution that is probably the most important whenever institution anywhere in the world. For a year now, he has been the target of trumps twitter either. Trump just once lower rates, lower rates, lower rates. Wants lower rates, lower rates, lower rates. Carol they have been an agency for so long. We are wondering if they will remain that way. The market thinks they will be a rate cut. The bigger story is one that we wanted to ask chris to dig into. For a year now, we have been living through this tension between trump and how. More trump than powell. It is onesided. Chris got to is that there is not much of an effect on policy standpoint for the fed. This will take a few months to evolve. This could be radical. Shelton is nominated for the fed. We dont know how that will go nor what you might do if she gets into that seat. A good
Iran, leaving the deal intact for now. Releasepresident did new sanctions among 14 people and entities involved with the Ballistic Missile programs, and a crackdown on government protesters. President has repeatedly denounced the Nuclear Agreement negotiated by president obama, and in october, declined to certify that it was an interest of the u. S. He has stopped short of. Crapping that deal altogether south africas ruling party is calling President Trumps comments on african immigrants extremely offensive. The deputy secretary general of the African National Congress Told reporters that developing National Countries do have problems. It is not as if the United States does not have difficulties. There are millions of Unemployed People in the usa, people who do not have health care or access to education, and we would not make commentsto so derogatory about any kind of country that has social, economic, or other difficulties. It isand el salvador said expressing the countrys resounding