‘Spec-tech is getting wrecked’
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 7 January 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/4418eedc-e949-4d44-a517-55e73f2076f9
Outgoing Federal Reserve vice-chair has blamed “inadvertent errors” for failing to disclose the full extent of his trading activity at the start of the pandemic, the FT’s Katie Martin looks back on the first week of trading in 2022, and our Moscow and Central Asia reporter, Nastassia Astrasheuskaya, unpacks the protests in Kazakhstan and Russia’s interest in helping its neighbour maintain stability.
Fed trading scandal rekindled by disclosure from top official
https://www.ft.com/content/3bc91644-08e2-4cee-be2c-538d855cd675
Kazakh protests are a warning for other ex-Soviet autocrats
https://www.ft.com/content/560b1b28-c180-40ec-b19a-ece58f214259
US tech shares swing as investors assess Fed minutes and mixed data
https://www.ft.com/content/76bd2194-ccf4-4029-b527-6d56d6c8465c
Twitter Spaces: After the Capitol Riot, what role will civil unrest play
https://twitter.com/i/spaces/1djGXPDOgrzGZ?s=20
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
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. |
| 0:09.7 | Good morning from the Financial Times. |
| 0:11.3 | Today is Friday, January 7th, and this is your FT News Briefing. |
| 0:18.8 | The Federal Reserve's under new scrutiny over the trading activity of a top |
| 0:22.5 | Fed official, and if you thought the market volatility of 2021 was over, well, think again. |
| 0:28.1 | It's going to be a rough ride, and you're going to have to have strong nerves in 2022. |
| 0:34.2 | The FT's Katie Martin will unwrap the first trading week of the year, |
| 0:38.0 | and we'll tell you what's behind the violent protests in Kazakhstan. |
| 0:41.8 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:50.3 | Fed Vice Chair Richard Clarota has blamed inadvertent errors for not disclosing |
| 0:54.5 | all of his trading activity at the start of the pandemic. |
| 0:57.6 | Clarota, the Fed's second in command, was already under fire for making trades just a day |
| 1:03.0 | before the US central bank signaled its emergency monetary policy plans back in 2020. |
| 1:08.5 | Last month, the Fed released disclosures that Clarota had amended. |
| 1:11.9 | Now it's come out that Clarota had been more active in the markets than he originally disclosed. |
| 1:17.2 | This is the latest trading scandal at the Fed. |
| 1:19.6 | Two regional Fed presidents resigned last year. |
| 1:22.4 | After it was found, they were also active investors. |
| 1:25.6 | There's no sign that Clarota will be ousted though. |
| 1:28.0 | His term ends later this month. |
| 1:36.0 | Kazakhstan is in turmoil amid violent political protests. |
... |
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.