What 2024 taught central bankers
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 December 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
The Federal Reserve cuts interest rates by a quarter-point but signals a slower pace of easing, and we look back at what central banks learned in 2024. The US Supreme Court says it will hear TikTok’s appeal against a divest-or-ban law, and Honda-Nissan talks aim to rescue Japan’s fragmented automotive industry.
Mentioned in this podcast:
Fed cuts rates by a quarter-point but signals slower pace of easing
Five central banking lessons for 2024
US Supreme Court to hear arguments challenging law that could ban TikTok
Honda-Nissan merger talks mark Japan Inc’s new consolidate-to-survive mood
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.7 | Good morning from the Financial Times. |
| 0:36.2 | Today is Thursday, December 19th, and this is your FT News briefing. |
| 0:40.9 | The Federal Reserve wants to tap the brakes on interest rate cuts next year. |
| 0:45.6 | And we take a look at some of the lessons that central banks have learned in 2024. |
| 0:51.0 | Plus, Honda and Nissan are thinking about merging. |
| 0:54.7 | It's really dawning on the Japanese now that they need to do this to compete with the Chinese. |
| 1:01.0 | I'm Kasha Bursalian, and here's the news you need to start your day. |
| 1:20.3 | The FedCub rates by a quarter point yesterday is the central bank's third consecutive cut since September. |
| 1:21.9 | We have lowered our policy rate by a full percentage point from its peak, and our policy |
| 1:27.3 | stance is now significantly |
| 1:28.8 | less restrictive. But it could be the last cut for a while. Fed Chair J. Powell hinted that the pace |
| 1:35.8 | might be slower next year. We know that reducing policy restraint too fast or too much could |
... |
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