The Fed holds steady
4/30/202623 min
Yesterday, JayPowell made his final remarks as chair of the Federal Reserve. And then he announced his intention to remain on the board. Today on the show, Katie Martin and Rob Armstrong think about the future of the Fed under likely successor Kevin Warsh, who will govern with a former chair on the board. Also they go long a new acronym and long Katie’s 103-year-old grandmother.
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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.
Read a transcript of this episode on FT.com
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First 90 secondsSpeaker 00:00
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Katie Martin· Host0:29
[upbeat music] Pushkin. Central banking is a very buttoned-up, sober affair for very serious people, and if you're looking for drama, you really have to know where to find it. This week, we've had what seems to be a total snooze fest from rate setters in the US, UK, and Europe. All of them kept interest rates on hold, so nothing to see here, you might think. [upbeat music] But Unhedged listeners know better than that. Beneath the surface, there's drama, there's bust-ups, there's tension you could cut with a knife, and we're here for it. Today on the show, backseat drivers and the art of sounding clever when you have no idea what's going on. If any central bankers out there want any tips on that, Rob and I are masters of the art. This is Unhedged, the markets and finance podcast from The Financial Times. I'm Pushkin, I'm Katie Martin, a markets columnist at the FT in glorious,