A soft landing at Jackson Hole
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 23 August 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Kamala Harris made a bid for national unity at a rapturous Democratic National Convention. Plus, all eyes are on Jackson Hole today, where the Fed will reveal how it will lower US interest rates without triggering a recession. Meanwhile, investors are hedging their bets on these cuts coming soon, sending gold soaring.
Mentioned in this podcast:
Kamala Harris pitches unity message as she makes her case to American voters
Gold hits record highs as investors bet on rate cuts
Cooling US jobs market looms over central bankers at Jackson Hole
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Friday, August 23rd. |
| 0:17.0 | And this is your FT news briefing. |
| 0:20.0 | Kamala Harris officially accepted her party's nomination for US President last night, |
| 0:25.0 | and her big speech isn't the only one of the week. |
| 0:28.4 | Federal Reserve Chair J. Powell is going to give his take on the US economy later today. |
| 0:33.9 | Plus, gold. |
| 0:35.6 | It's not just for Olympic athletes. |
| 0:38.1 | I'm Mark Filipino, and here's the news |
| 0:39.5 | you need to start your day. Vice President Kamala Harris used her speech at the Democratic National Convention yesterday to do a couple of things. First, she used it as an opportunity to introduce |
| 1:06.0 | herself to U.S. voters. Harris grew up in a working-class neighborhood in Oakland, California, |
| 1:11.9 | and was raised by her mother. |
| 1:13.2 | My mother never lost her cool. She was tough, courageous, a trailblazer in the fight |
| 1:21.1 | for women's health. She taught us to never complain about |
| 1:26.4 | injustice but do something about it. Do something about it. |
| 1:33.0 | Harris would be the first female US president if she wins in November. |
| 1:38.0 | On policy, she put reproductive rights front and center, along with the economy. |
| 1:43.2 | We will create what I call an opportunity economy, an opportunity economy where everyone |
| 1:50.8 | has the chance to compete and a chance to succeed. |
| 1:57.2 | And she put a lot of emphasis on supporting |
| 1:59.8 | the American middle class. |
... |
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