Artist Damien Hirst issues his own ‘Currency’
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 15 July 2021
⏱️ 9 minutes
🧾️ Download transcript
Summary
The chair of the Federal Reserve, Jay Powell, sought to ease concerns in Congress about the Federal Reserve’s response to surging
inflation, the assassination of Haiti’s president Jovenel Moïse last week has plunged the poorest nation in the Americas deeper into chaos, and British artist Damien Hirst yesterday launched his NFT-based project, entitled “The Currency”, that calls into question notions of worth and value and presents his buyers with a choice.
Jay Powell says Fed ready to intervene if US inflation spirals out of control
https://www.ft.com/content/37d57052-c2a5-4a44-8b27-9d205a2a1c50
Haiti’s ‘descent into hell’ looms closer after death of president with Michael Stott, Latin America Editor
https://www.ft.com/content/81b683b8-b352-4ea6-9ce1-e0ed280245e1
Damien Hirst launches his own NFT ‘Currency’ by Jan Dalley, Arts Editor
https://www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fd
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Thursday, July 15th. This is your FT news briefing. |
| 0:08.5 | US lawmakers are not happy about rising inflation, and yesterday they let Jay Powell know about it. |
| 0:14.4 | And turmoil in Haiti continues, a week after the assassination of the country's president. |
| 0:19.8 | Plus, Damian Hurst, the British artist who doesn't shy away from money, |
| 0:23.7 | is now selling his own currency. But he's making buyers choose between paper or digital. |
| 0:29.6 | Put the value aside, which would you rather have an NFT or a painting? |
| 0:33.0 | And then the answer is you can't put the value aside. |
| 0:35.9 | We'll hear more from the artist and our arts editor, Jan Dali, on whether art can be currency. |
| 0:41.8 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:48.9 | Federal Reserve Chair Jay Powell tried to ease inflation concerns among US lawmakers on Wednesday. |
| 0:54.4 | Testy Republicans and anxious Democrats lobbed a barrage of questions at the country's top central |
| 0:59.6 | banker just a day after the latest data showed consumer prices accelerated unexpectedly in June. |
| 1:05.9 | Powell reiterated the Fed's position that price increases were temporary and would subside eventually. |
| 1:11.2 | Andy pushed back against criticism that the Fed was being too complacent, adding that the |
| 1:15.2 | bank was ready to act if needed to bring down inflation. |
| 1:23.3 | In Haiti, two politicians are now dueling to lead the country after last week's assassination |
| 1:28.3 | of President Jovenel Moise. The country's police chief has accused a Haitian emigray in the US |
| 1:33.6 | of hiring mercenaries from Colombia to kill Moise. The FT's Latin America editor, Michael Statz, |
| 1:38.9 | says people are still shocked. |
| 1:41.3 | And that might sound surprising because there's a country that's had enormous problems in recent |
| 1:45.4 | years and also very high levels of violence. But in fact, political violence and violence against |
| 1:50.8 | leading politicians has been relatively rare in Haiti in recent years. So the population people |
... |
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