Powell Says More Good Inflation Data Would Boost Fed Confidence

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Bloomberg News Economics Editor Molly Smith and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey recap Fed Chair Jay Powell’s Senate testimony on Tuesday. Powell said “more good data” would strengthen confidence that inflation is moving down toward the US central bank’s 2% target, and recent readings point to “modest further progress” on prices. Bloomberg News Personal Finance Reporter Suzanne Woolley shares the details of her Businessweek story Why High Rates Have Failed to Dent Record Stock and House Prices. Bloomberg News Hedge Fund Reporter Hema Parmar discusses investor Bobby Jain launching a complex hedge fund that has spawned fans as well as doubters. Serial Entrepreneur Laura Gassner Otting talks about women leaving the US workforce. And we Drive to the Close with Louis Navellier, Founder and CIO at Navellier & Associates.
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