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This episode of The Pie features a panel discussion following a talk from Raghuram Rajan, the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth, about his book "Monetary Policy and Its Unintended Consequences." The panel included Charles Evans, former president of the Federal Reserve Bank of Chicago, and was moderated by Randall Kroszner, the Norman R. Bobins Professor of Economics at Chicago Booth and former Governor of the Federal Reserve System.
Former Fed governor and University of Chicago Booth School of Business Professor Randall Kroszner says he sees the US economy reaching a "kind of hard-ish landing". He talks about his outlook for the economy and the Fed's inflation fight with host Tom Mackenzie.See omnystudio.com/listener for privacy information.
Julie Su, US Acting Labor Secretary gives the Biden Administrations reaction to the August payrolls report. Following the jobs report, Randall Kroszner, Fmr. Fed Governor & University of Chicago Booth School Professor says we're seeing the kind of goldilocks scenario the Fed wants. Jeff Rosenberg, Blackrock Portfolio Manager of The Systematic Multi-Strategy Fund says the main message from the August jobs report is that the labor market is normalizing. Sarah Hunt, Alpine Saxon Woods Chief Market Strategist says the August jobs data was what the Fed was looking for.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.
Julie Su, Acting US Secretary of Labor, discusses the US June payrolls report coming in below estimates. Randall Kroszner, University of Chicago Booth School Professor of Economics & Fmr. Fed Governor, says "wage growth is still stronger than the Fed will feel comfortable with." Lindsey Piegza, Stifel Chief Economist, says the jobs report "keeps the Fed on the path for an addition rate increase later this month." Christian Horner, Red Bull Racing Team Principal, says Max Verstappen "continues to surprise us" and there's "more to come." Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.
Former Federal Reserve Governor Randall Kroszner speaks with Bloomberg's Alix Steel and Dani Burger about the markets and central banks.See omnystudio.com/listener for privacy information.
Randall Kroszner, University of Chicago Booth School Economics Professor & Fmr. Fed Governor, says unless the US gets an immaculate disinflation, he doesn't see the Fed cutting "anytime soon." Jeff Rosenberg, BlackRock Systematic Multi-Strategy Fund Portfolio Manager, says we are not really seeing a slowing in the labor market. Tiffany Wilding, PIMCO Chief North American Economist, discusses the May jobs report. Nadia Lovell, UBS Global Wealth Management Senior US Equity Strategist, says we're seeing a rolling recession in different sectors. Dan Clifton, Strategas Research Partner Partner and Head of Policy Research, discusses the US debt-limit deal clearing Congress. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.
Tighter credit conditions due to the recent banking crisis mean the Fed doesn't have to raise interest rates as much, former Fed governor Randall Kroszner tells MNI.
The EU has accused Russia of "fallacious pretences" and "cynicism", after the energy giant Gazprom indefinitely suspended gas supplies to Europe. The company is blaming an oil leak for its decision not to reopen the Nordstream 1 pipeline on Saturday as planned. The BBC's Europe Correspondent Jessica Parker gives us the latest. The pace of jobs growth in the US has slowed, with 315,000 added in August. Randall Kroszner, the Norman R. Bobins Professor of Economics at The University of Chicago Booth School of Business explains what it means for the US economy. American country music icon Dolly Parton branches out into a range of canine clothing called...Doggy Parton. We hear from Michelle Elliott, President and Co-Founder of Sport Pet Designs, which is collaborating with the singer.
Markets react to Jerome Powell's message to the world's central bankers in Jackson Hole, in the US. His speech suggests there might be more increases in the interest rate. We talk to Randall Kroszner, professor of Economics at Chicago Booth School of Business and a former governor of the Federal Reserve Board. We also ask Paul Allen, owner of a farm in Pahokee, in Florida, about the impact inflation is having on his business. The British government has said Georgia is Russia's testing ground for its cybercapability. The former Soviet nation has registered thousands of cyber attacks launched from Russian territory since the 2008 war against Moscow. Georgian journalist Khatia Shamanauri reports. The American pharmaceutical firm Moderna is suing rival Pfizer and its German partner BioNTech for copying a technology Moderna says it owns. It was used to develop their Covid-19 vaccine. We hear more from our global health correspondent Naomi Grimley. The Philippines is suffering a national shortage of sugar, despite the country being a large producer. The sugar trade is heavily regulated by Manila, and prices have been soaring as companies like Coca-Cola struggle to secure the supplies it needs to keep plants open. We talk to Ralf Rivas, a business reporter at the local online news site Rappler. Starting a new life in a new country after being forced to flee your home must be an incredibly hard thing to do. The BBC's Jess Quayle reports on how Yulia, a Ukrainian wedding dress designer, is trying to rebuild her life and business in her new home. And we discuss the latest from the markets with Shanti Keleman, the Chief Investment Officer of M&G Wealth.
There's minor relief for American consumers after inflation slowed from 9.1% in June to 8.5% in July. The lower-than-expected figure is mainly due to decreasing fuel costs. Although prices are still running relatively high, President Joe Biden says it's a sign his economic strategy is working. Randall Kroszner, a former governor of the Federal Reserve Board, tells us what it means for the world's biggest economy. A year on from the Taliban's takeover of Afghanistan, several prominent economists, including Nobel Prize winner Joseph Stiglitz, are calling for funds to the country to be freed. He tells us why. Ed Butler speaks to the London company fighting to protect people's data privacy rights online. We also hear why seaweed is causing some unpleasant problems in Sierra Leone. Throughout the programme, Business Matters is joined by two guests on opposite sides of the world: Paddy Hirsch, contributing editor at NPR in Los Angeles; and Stella Bangura, a TV presenter in Sierra Leone. (Picture: Shopping for potatoes in California. Credit: Getty Images.)
Disney, the American media giant, has beaten expectations in its latest results. Its on-demand platform now has more than 152 million subscribers, but it comes at a time of declining revenues for streaming services. Meanwhile, there's been lower-than-predicted inflation in the US. To crunch the numbers, we're joined by Susan Schmidt, Head of US Equity at Exchange Capital Resources in Chicago; and Randall Kroszner, a former Governor of the Federal Reserve Board. It's almost a year since the Taliban seized control of Afghanistan. Now a group of leading economists is calling on the US President, Joe Biden, to unfreeze the country's cash assets. We speak to Nobel Prize winner Joseph Stiglitz about how that could help citizens. In his first week in office, Colombia's new president, Gustavo Petro, has announced sweeping tax reforms aimed at rebalancing the country. Sergio Guzman from think tank Colombia Risk Analysis explains how it could make or break his leadership. We're also joined by Stefano Aurecchio from the Neopolitan Pizza Association, as delivery chain Domino's pulls out of Italy.
With inflation at its highest level for the past 40 years, the eyes of the global financial world are on the US Federal Reserve, whose Chairman Jerome Powell is expected to announce an interest rate rise to help tackle inflation. We hear from Randall Kroszner, former governor of the Fed. We also talk to senior market analyst at City Index Fiona Cincotta about the European Central Bank's latest emergency meeting and why a senior minister in Pakistan is advising people to reduce their tea consumption to help the economy. Spain has recorded the hottest June in 20 years with temperatures as high as 43°C. We speak to different businesses there about how they manage to operate in such a hot weather. Plus, K-pop idols BTS have decided to take a break to pursue solo projects. The best-selling artists of 2021 say it's time to 'mature' as individuals. We hear more from Choi Ji-Won, a K-pop reporter for the Korea Herald.
Marty Walsh, U.S. Labor Secretary, reacts to the U.S. employment report. Randall Kroszner, University of Chicago Professor & Former Federal Reserve Board of Governors, says wage pressure is the key labor metric to watch. David Jones, Bank of America Securities Global Investment Strategist, says the Fed wants to see the whites of the eyes of inflation before they make their move. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, thinks higher wage expectations could make transitory inflation more permanent. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Marty Walsh, U.S. Labor Secretary, reacts to the U.S. employment report. Randall Kroszner, University of Chicago Professor & Former Federal Reserve Board of Governors, says wage pressure is the key labor metric to watch. David Jones, Bank of America Securities Global Investment Strategist, says the Fed wants to see the whites of the eyes of inflation before they make their move. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, thinks higher wage expectations could make transitory inflation more permanent.
Which economic policies must be prioritized now to get the best returns in the future? This week, The Pie is breaking out the crystal ball. Austan Goolsbee and Randall Kroszner share what economists are learning from the pandemic and what we can expect in the weeks, months, and years ahead.
In episode #435, Randall Kroszner discusses central bank responses to COVID-19, the impact of lower rates on savers and plan sponsors, the toolkit to deal with future crises, and a way forward for bailouts of insolvent firms.
Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says sellers are exhausted and a bottoming process is starting. Angela Rasmussen, Columbia University Virologist, says opening back up parts of the U.S. economy is a bad idea without further virus testing. Randall Kroszner, Former Federal Reserve Board Member, says the Fed's actions have been crucial in avoiding a financial crisis so far. Bob Crandall, Former AMR Corp. President, CEO & Chairman, says the government needs to make a public investment in the airline industry in order to keep it functional. Leland Miller, China Beige Book CEO, says the idea of a full economic recovery any time soon is nonsense.
Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says sellers are exhausted and a bottoming process is starting. Angela Rasmussen, Columbia University Virologist, says opening back up parts of the U.S. economy is a bad idea without further virus testing. Randall Kroszner, Former Federal Reserve Board Member, says the Fed's actions have been crucial in avoiding a financial crisis so far. Bob Crandall, Former AMR Corp. President, CEO & Chairman, says the government needs to make a public investment in the airline industry in order to keep it functional. Leland Miller, China Beige Book CEO, says the idea of a full economic recovery any time soon is nonsense. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
David Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says the Fed is now paying the consequences of its rate rises. Randall Kroszner, Former Fed Board Governor and University of Chicago Booth School Professor, says central banks not reaching their inflation goals is potentially raising questions about their credibility. Daniel Morris, BNP Paribas Senior Investment Strategist, says U.S. GDP Growth looks quite solid. Mark Mahaney, RBC Analyst, thinks that we have reached peak regulation in big tech.
David Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says the Fed is now paying the consequences of its rate rises. Randall Kroszner, Former Fed Board Governor and University of Chicago Booth School Professor, says central banks not reaching their inflation goals is potentially raising questions about their credibility. Daniel Morris, BNP Paribas Senior Investment Strategist, says U.S. GDP Growth looks quite solid. Mark Mahaney, RBC Analyst, thinks that we have reached peak regulation in big tech. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Dr. Randall Kroszner, University of Chicago Booth School of Business Professor, says the Fed is going to gradually increase its balance sheet to provide liquidity. Gideon Rose, Foreign Affairs Magazine Editor, discusses the future of capitalism. Kevin Cirilli, Bloomberg Chief Washington Correspondent, gives a briefing on the latest Democratic debate from Los Angeles. John Butler, Bloomberg Intelligence Senior Analyst of Telecoms, says he's surprised to see Apple is exploring satellites. And Margie Patel, Wells Fargo Wells Fargo Asset Management Senior Portfolio Manager, says China's growth is clearly slowing down.
Dr. Randall Kroszner, University of Chicago Booth School of Business Professor, says the Fed is going to gradually increase its balance sheet to provide liquidity. Gideon Rose, Foreign Affairs Magazine Editor, discusses the future of capitalism. Kevin Cirilli, Bloomberg Chief Washington Correspondent, gives a briefing on the latest Democratic debate from Los Angeles. John Butler, Bloomberg Intelligence Senior Analyst of Telecoms, says he's surprised to see Apple is exploring satellites. And Margie Patel, Wells Fargo Wells Fargo Asset Management Senior Portfolio Manager, says China's growth is clearly slowing down. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Prof. Randall Kroszner - Full Version by by MAD Talks
Priya Misra, TD Securities Head of Global Interest Rates Strategy, says that the Fed is entering a "neutral zone." Rep. Tom Reed (R-NY), House Ways and Means Trade Subcommittee member, thinks the long-term economic growth trajectory will not be impacted by the short-term anxiety from the trade war. Randall Kroszner, University of Chicago Professor & Former Fed Governor, says we ought to be open to the possibility that the yield curve flattening does not mean recession. Terry Haines, Evercore ISI Senior Political Strategist, predicts Republicans will pick up some seats in the Senate and lose a few in the House in the midterm elections. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Priya Misra, TD Securities Head of Global Interest Rates Strategy, says that the Fed is entering a "neutral zone." Rep. Tom Reed (R-NY), House Ways and Means Trade Subcommittee member, thinks the long-term economic growth trajectory will not be impacted by the short-term anxiety from the trade war. Randall Kroszner, University of Chicago Professor & Former Fed Governor, says we ought to be open to the possibility that the yield curve flattening does not mean recession. Terry Haines, Evercore ISI Senior Political Strategist, predicts Republicans will pick up some seats in the Senate and lose a few in the House in the midterm elections.
Robin Niblett, Chatham House Director, is concerned that President Trump is stepping forward to meet with Kim Jong-un too early. Michelle Meyer, Bank of America Merill Lynch Head of U.S. Economics, indicates the housing recovery is ongoing. Randall Kroszner, University of Chicago Booth School Professor & former member of the U.S. Federal Reserve Board of Governors, says it's rare to have this kind of synchronized global growth. Bill Gross, Janus Henderson Investors Fund Manager, says trade tariffs are a potential negative and drag on the economy. Austan Goolsbee, University of Chicago Booth School Professor & former Chairman of the Council of Economic Advisers, says 90% of what happens in the economy has nothing to do with Washington. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Robin Niblett, Chatham House Director, is concerned that President Trump is stepping forward to meet with Kim Jong-un too early. Michelle Meyer, Bank of America Merill Lynch Head of U.S. Economics, indicates the housing recovery is ongoing. Randall Kroszner, University of Chicago Booth School Professor & former member of the U.S. Federal Reserve Board of Governors, says it's rare to have this kind of synchronized global growth. Bill Gross, Janus Henderson Investors Fund Manager, says trade tariffs are a potential negative and drag on the economy. Austan Goolsbee, University of Chicago Booth School Professor & former Chairman of the Council of Economic Advisers, says 90% of what happens in the economy has nothing to do with Washington.
Glenn Hubbard, the dean of Columbia University Business School, discusses Richard Thaler's "great" Nobel Prize win. Andreas Dombret, a board member at Deutsche Bundesbank, says the Basel Committee is moving closer and closer to a deal. Yale University's Robert Shiller says behavioral economics is the most important thing to happen in economics in the last 20 years. Finally, Randall Kroszner, a professor of economics at the University of Chicago's Booth School of Economics, says adding humanity into economics has been a transformation in recent years. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Glenn Hubbard, the dean of Columbia University Business School, discusses Richard Thaler's "great" Nobel Prize win. Andreas Dombret, a board member at Deutsche Bundesbank, says the Basel Committee is moving closer and closer to a deal. Yale University's Robert Shiller says behavioral economics is the most important thing to happen in economics in the last 20 years. Finally, Randall Kroszner, a professor of economics at the University of Chicago's Booth School of Economics, says adding humanity into economics has been a transformation in recent years.
China isn't manipulating its currency, says U.S. Secretary of Commerce Wilbur Ross, adding that some things about the Volcker Rule can change. Prior to that, John Normand, JPMorgan's head of FX, commodities and international rates research, says sterling will weaken. Roger Bootle, founder of Capital Economics, says the next five to 10 years will be disequilibrium on steroids. Randall Kroszner, a professor at the University of Chicago's Booth School, says he's heartened that the Fed's discussions on rates and balance sheet adjustments haven't caused a disruption. Finally, Geoff Robinson, UBS' executive director of equity research, says Apple has serious buying power. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
China isn't manipulating its currency, says U.S. Secretary of Commerce Wilbur Ross, adding that some things about the Volcker Rule can change. Prior to that, John Normand, JPMorgan's head of FX, commodities and international rates research, says sterling will weaken. Roger Bootle, founder of Capital Economics, says the next five to 10 years will be disequilibrium on steroids. Randall Kroszner, a professor at the University of Chicago's Booth School, says he's heartened that the Fed's discussions on rates and balance sheet adjustments haven't caused a disruption. Finally, Geoff Robinson, UBS' executive director of equity research, says Apple has serious buying power.
Money is increasingly more about bits and bytes than bits of paper. Tyler Cowen and Randall Kroszner discuss how technological innovations are transforming finance.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Jason Furman, Chairman of the Council of Economic Advisors, Austan Goolsbee, former Chairman of the Council of Economic Advisors and University of Chicago Booth School of Business professor, Megan McArdle, Bloomberg View columnist, Randall Kroszner, former governor of the Federal Reserve System and Annie Lowrey, writer for New York Magazine explore the future of the American middle class and strategies for dealing with pressing issues such as underemployment, student loan debt, and consumer confidence.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Jason Furman, Chairman of the Council of Economic Advisors, Austan Goolsbee, former Chairman of the Council of Economic Advisors and University of Chicago Booth School of Business professor, Megan McArdle, Bloomberg View columnist, Randall Kroszner, former governor of the Federal Reserve System and Annie Lowrey, writer for New York Magazine explore the future of the American middle class and strategies for dealing with pressing issues such as underemployment, student loan debt, and consumer confidence.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major films, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major films, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements.