we have a ways to go. clearly, the fed thinks there s more ground to cover. for americans, this means more economic pain ahead, as this decision pushes up the cost of borrowing. us labor leader afl cio president liz shuler criticised the fed s approach, warning that it would have a direct and harmful effect on working families. meanwhile, a number of democrats have warned that the fed s actions have done little to reduce inflation, while increasing the risk ofjob losses. acknowledging that rate hikes had been difficult for americans and businesses, mr powell defended the fed s actions, noting that unchecked inflation was even worse for the health of the american economy. as michelle mentioned, on wall street it proved to be a volatile session as investors reacted to what fed chair jerome powell had to say about future rate rises. if we look at asia, japan is fairly muted. hong kong is down
we wanted to see. at that stage, you fancied neil kinnock being leader of the country. yes, that is that is true. and we all change our mind about things. when, in your case? was it a moment or was it a process? it was more a process, i think. and, you know, for me, it was during the 90s, i guess, when i was in the foreign office, you know, kind of exposed to the real world. just to remind people, you joined the foreign office straight out of university. you go to brussels. you become private secretary to the head of diplomatic service. quite a grand job. it s a sort ofjob that makes it look like you re rising to the top of the foreign office and end up as ambassador to denmark. but during this period, you say? yeah, ithink. in the 90s, i spent a lot of time in brussels and indeed a lot of time after
yes, that is that is true. and we all change our mind about things. when, in your case? was it a moment or was it a process? it was more a process, i think. and, you know, for me, it was during the 90s, i guess, when i was in the foreign office, you know, kind of exposed to the real world. just to remind people, you joined the foreign office straight out of university. you go to brussels. you become private secretary to the head of diplomatic service. quite a grand job. it s a sort ofjob that makes it look like you re rising to the top of the foreign office and end up as ambassador to denmark. but during this period, you say? yeah, ithink. in the 90s, i spent a lot of time in brussels and indeed a lot of time after that in brussels. and i think, you know, people who go to brussels it usually
hard and he came at it from a very different perspective, i don t think he would go hard on the political attacks and make life difficult for liz truss. it is possible she could try to offer him some kind ofjob to ameliorate him and keep his supporters on side, but we will have to wait and see. it does seem like his supporters, at least that i have been speaking to tonight, they do worried that she is just going to give lots of cabinetjobs to her supporters that have backed her in the leadership race. it does feel a bit like it could be a bit of a winner takes all, which could create tensions in the party. which could create tensions in the party- the party. i m sure plenty of eole the party. i m sure plenty of people will the party. i m sure plenty of people will think the party. i m sure plenty of people will think there - the party. i m sure plenty of people will think there are l the party. i m sure plenty of. people will think there are no best jobs around people will think t
where once again huge amounts of money were spent to bail out many businesses and individuals. on a more granular issue, who she will have with her is going to be intriguing, isn t it, as to whether it is a distance from a borisjohnson feel, or whether the likes of rishi sunak will step in line if called upon. so i would be surprised to see real difficulty coming from someone like rishi sunak. although they have fought this campaign quite hard and he came at it from a very different perspective, i don t think he would go hard on the political attacks and make life difficult for liz truss. it is possible she could try to offer him some kind ofjob to ameliorate him and keep his supporters on side, but we will have to wait and see. it does seem like his supporters, at least that