Powell Needs Investors to Lose Money

Bloomberg News Senior Markets Editor Edward Harrison explains why when Fed Chair Jerome Powell tells you he wants to reduce inflation by raising rates (aka tightening), he’s telling you the central bank needs investors to lose money. Bloomberg Technology Executive Editor Tom Giles breaks news that Meta, the owner of Facebook and Instagram, said it will freeze hiring and restructure some teams in an effort to cut costs and shift priorities. Dr. Darrell Gaskin, Professor of Health Policy and Management at the Johns Hopkins Bloomberg School of Public Health, discusses working to reduce health disparities. Bloomberg News Bond and FX Reporter Liz McCormick provides the details of her Businessweek Magazine cover story The Dollar Is a Problem for World, and the US Just Doesn’t Care. And we Drive to the Close with Luca Paolini, Chief Strategist at Picet Asset Management. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.