UBS On-Air: Paul Donovan Daily Audio 'How far, how fast is the retreat?'

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Recorded08 May 2025

Publishersecure.ubs.com

Handlerec:4542757

Show notes

Federal Reserve Chair Powell pointed out that uncertainty had risen, and that inflation and unemployment might rise. These are all eloquent statements of the obvious. leaving the Fed reacting to data. Central banks that react rather than pre-empt data tend to be late in changing policy. Economic data is also increasingly less reliable, making data dependency more dangerous.

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