Trump Backs Warsh After Fed Defies His Call for Rate Cuts
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President Donald Trump said he still had confidence in Federal Reserve Chairman Kevin Warsh and criticized what he said was a “hostile” board even after the central bank unanimously defied his calls to lower borrowing costs. Global bond yields retreated as the Federal Reserve’s rate hike and vow to tame inflation calmed a pressured market. President Trump floated hitting goods imported from the European Union with fresh tariffs or even cutting off some trade if he determined that a push to make Canada a potential associate of the bloc was harmful to the US. Britain’s monarch plans to ask some of the most critical figures in artificial intelligence for reassurances they can keep their inventions under control. Nvidia CEO Jensen Huang, OpenAI’s CFO Sarah Friar and Google DeepMind co-founder Demis Hassabis will attend an event convened by King Charles III in Scotland. Today's guests: Jari Stehn, Goldman Sachs Chief European Economist; Fabianna Del Canto, MUFG Co-Head of EMEA Capital
Tags: AI, Alister Bull, Azeem Azhar, BOE, Bonds, Canada, Fabianna Del Canto, Francine Lacqua, Gender equality, Jari Stehn, Kevin Warsh, King Charles, King Charles III, Mark Carney, Markets, OpenAI, Saadia Zahidi, Shona Ghosh, Steven Arons, Ven Ram
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