Can Jay Powell stick the landing?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 August 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Hedge funds have lined up the biggest bet against Italian bonds since the global financial crisis, Japan is looking to rebuild its nuclear energy capacity, and Blackstone has joined the bidding to buy Pink Floyd’s music. Plus, the FT’s Colby Smith looks at how the Federal Reserve handled inflation in the past and whether chair Jerome Powell can engineer a soft landing this time around.
Mentioned in this podcast:
Japan set for new nuclear plans in post-Fukushima shift
Powell to face tough crowd in Jackson Hole
Can the Fed take inflation without causing a recession?
Another brick in the Wall Street as Blackstone eyes Pink Floyd catalogue
Let us know how Joe Biden’s student loan forgiveness programme might affect you: https://telbee.io/channel/akqt6c_h_vlzm47bnoijfw/
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk. |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.5 | Today is Thursday, August 25th, and this is your FT News Briefing. |
| 0:19.2 | Hedge funds are betting against Italy. |
| 0:21.6 | Japan just made a big shift on nuclear energy, |
| 0:24.8 | and Pink Floyd has another private equity fan. |
| 0:28.2 | Plus, Jay Powell is under pressure to pilot the U.S. economy to a soft landing. |
| 0:33.7 | We'll look at how his predecessors managed this dilemma. |
| 0:36.5 | I'm Jess Smith, in from Mark Filipino, and here's the news you need to start your day. |
| 0:46.7 | Investors are not optimistic about Italy, and they're ramping up their bets that Italian |
| 0:51.4 | bond prices will fall. The FT reports that hedge funds have lined up their biggest bets |
| 0:56.6 | against Italian government bonds since the global financial crisis in 2008. |
| 1:01.8 | They're concerned about political turmoil in Rome, |
| 1:04.3 | and the country's dependence on Russian gas imports. |
| 1:07.2 | Hedge funds also consider Italy one of the countries most vulnerable |
| 1:10.6 | to the European Central Bank's decision to unwind stimulus programs that have propped up |
| 1:15.5 | Italy's bond market. |
| 1:17.4 | Soaring energy prices have led Japan to make a dramatic U-turn on energy policy, |
| 1:28.4 | specifically nuclear energy. Yesterday, Prime Minister Fumio Kishita said the government |
| 1:34.0 | will not only speed up the restart of nuclear reactors that have been shut down, |
| 1:39.2 | it will look into building new reactors. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.