Powell’s 2% Target and Sports Super Agent Rich Paul’s Lessons for Success 10/20/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 20 October 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Federal Reserve Chair Jerome Powell spoke at the Economic Club of New York, telling Wall Street and Main Street that inflation is too high, but interest rates are not. Atlanta Fed President Raphael Bostic discusses the road ahead for the central bank’s resolute commitment to bringing inflation down to 2%, and suggests that more hikes could come in 2024. In DC, the House is set to vote again for Speaker, and CNBC’s Eamon Javers explains the many complications for the GOP. Fresh off his trip to Israel, President Biden is making a pitch for aid packages to Ukraine and Israel, emphasizing the importance of democracy in both regions of conflict. Plus, Rich Paul is out with a new book, “Lucky Me: A Memoir of Changing the Odds.” The agent representing Lebron James, Odell Beckham Jr., and Anthony Davis, Paul shares his “rules” for tapping into entrepreneurship and ambition and making your own luck. Raphael Bostic - 19:04 Rich Paul - 33:29 In this episode: Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	Does it feel like policy is too tight right now?
0:11.0	I wouldn't have to say no. Federal Reserve Chair Jay Powell
0:14.4	setting the stage for leaving interest rates yet higher for longer. But he also
0:18.6	said that the economy is looking very good and right now this does not look like a
0:22.1	policy that is restrictive.
0:24.4	It's the key words right now.
0:26.4	In a special interview Atlanta President Raphael Bostick says buckle up.
0:30.7	The Fed remains committed to their goals.
0:33.3	We are not going to see a recession that's not in my outlook.
0:36.5	We're going to sleep slow down, and inflation will get down to its 2%.
0:41.3	And another day, another speaker vote. Our Aiman Javers on the DC drama... It's just not clear that there's anybody in the Republican conference who can get 217 votes.
0:51.0	And we get into the impact on policy.
0:53.0	There's supposedly three leaders and none of them are actually leaders.
0:57.0	Plus, a special conversation with Rich Paul,
1:00.0	the agent who represents LeBron James and Odell Beckham Jr.
1:03.3	had humble beginnings, but huge ambition.
1:05.9	Some people will say you were a gambler, you were a hustler,
1:08.4	but I will also say you were an incredible entrepreneur.
1:11.4	He's out with a new book and his rules for creating your
1:14.6	own luck. You have an entrepreneurial spirit like I did growing up in the community I
1:19.1	did. The only thing we're missing is that opportunity. It's Friday October 20th a
	...

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