Daniel Bach
👤 SpeakerAppearances Over Time
Podcast Appearances
A spokesman for CBS said in a statement that the story needed additional reporting and that it would run in a future broadcast.
Well, after three straight interest rate cuts, Fed officials are divided over the path forward.
So to help shed light on their thinking and how they're interpreting recent data, our colleagues on WSJ's Take on the Week sat down for an interview with Beth Hammack.
She's a former top banker at Goldman Sachs and now president of the Cleveland Fed.
And as of next year, will also get a vote on the Fed's rate-setting committee.
Hammock is a Fed hawk by reputation and said she doesn't see any need to change interest rates for several months, advocating instead for a pause to see how this year's cuts play out in the economy.
Hammack also shared her take on the so-called neutral rate, AI, and the jobs market.
And if you want to take a listen, you can check out the latest episode of WSJ's Take on the Week.
We've left a link in our show notes.
And in other news investors will be paying attention to, robotics guru Sterling Anderson has joined the race to run General Motors.
The 42-year-old joined GM back in June as its product chief, overseeing development of both gas-powered and electric vehicles.
The former Tesla staffer known for clashing with Elon Musk is seen by some leaders at GM as a dark horse candidate to succeed CEO Mary Barra.
A spokeswoman said there had been no discussion of Barra leaving and classified any talk of future roles for Anderson as speculation.
Coming up, lawmakers head home for the holidays without a fix for expiring health care subsidies.
We'll go over what that means for millions of Americans' coverage and how it could get resolved.
That story after the break.
Members of Congress are leaving town for the holidays with some unfinished business, setting up a fight over the future of Affordable Care Act subsidies.
Our Sabrina Siddiqui is still in the nation's capital and here to talk about the political football awaiting them in the new year.
Sabrina, first of all, remind us of where things stand for those receiving coverage through the ACA exchanges.
And of the people you and our colleague Lindsay Wise spoke to, what is the math they're sort of seeing now?