A Managing Directorfrom the carnegie council. Thanks forjoining us. What you make of those comments from the Federal Reserve governor . What do you. It is from the Federal Reserve governor . What do vow what do you. It is a reasonable statement what do you. It is a reasonable statement. Based what do you. It is a reasonable statement. Based on what do you. It is a reasonable statement. Based on economic i statement. Based on economic projections, it turns out that it is always surprising, so the rush to cut rates is probably not as necessary and it may actually derail the progress we have made towards inflation and the secret here is that the Balance Sheet for the fed is likely to take a huge part in how rates behave in the second half of the year. Even though we expect rate cut delays, the Balance Sheet run off stemming quite a bit here is going to be the major story for the second half. Going to be the maor story for the scene half. Going to be the maor story for the scono half. Seco
To develop ai systems responsibly. They include google, amazon, meta, microsoft and openai. Joining us now is Bbc Technology journalist chris vallance, whos in our edinburgh studio. Tell us a bit more about this agreement . The summit is a follow up to the summit in november at Bletchley Park, and its aim essentially is to continue that work. It is a two day summit, the start of it virtually attended by Prime Minister rishi sunak and his south korean counterpart. The second day brings together digital ministers, and they will look at a range of issues including things like the Environmental Impact of ai, issues of bias, the impact onjobs, which is interesting because the focus on the Bletchley Park summit was the catastrophic scenarios. Those particular items on the agenda much more here and now concerns. Broadly, thatis more here and now concerns. Broadly, that is what the summit is hoping to achieve. There was talk about it possibly being lacklustre and so much surprise when this mor
Of frost around, mild in the west, cloud and outbreaks of rain and hail fog around. Quite a contrast is friday begins, the cloud and drizzly rain will win out. On friday things look very different, with plenty of cloud around, but it will feel very similar because it will still be mild. More unsettled at the weekend, we will bring these Weather Fronts across the uk but there are gaps in between and if you find yourself in a gap it will be drier and brighter for a time. The weekend starts mild but we will change the direction of bit. From the west of the uk, it will bring temperatures down by a couple of degrees by sunday. Not by much. Occasional sunshine, degrees by sunday. Not by much. Occasionalsunshine, occasional rain, feeling cooler by sunday. The top stories the Philip Hammond has increased National Insurance for Self Employed people in his first budget, leading to accusations he has broken a Manifesto Pledge not to raise taxes. The budget also included an extra £2 billion for t
Of frost around, mild in the west, cloud and outbreaks of rain and hail fog around. Quite a contrast is friday begins, the cloud and drizzly rain will win out. On friday things look very different, with plenty of cloud around, but it will feel very similar because it will still be mild. More unsettled at the weekend, we will bring these Weather Fronts across the uk but there are gaps in between and if you find yourself in a gap it will be drier and brighter for a time. The weekend starts mild but we will change the direction of bit. From the west of the uk, it will bring temperatures down by a couple of degrees by sunday. Not by much. Occasional sunshine, degrees by sunday. Not by much. Occasionalsunshine, occasional rain, feeling cooler by sunday. The top stories the Philip Hammond has increased National Insurance for Self Employed people in his first budget, leading to accusations he has broken a Manifesto Pledge not to raise taxes. The budget also included an extra £2 billion for t