What Trump’s Win Means for Central Banks
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 7 November 2024
⏱️ 11 minutes
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| 0:33.6 | It's Fed Day. We'll look at how Trump's presidency could alter central bankers' calculus in the |
| 0:39.2 | US and around the world. They would probably become quite cautious in a situation where a lot of |
| 0:45.1 | things were changing quite quickly. But they couldn't stay too cautious for too long because we've |
| 0:49.4 | just been through a series of shocks in which they were criticized heavily for not moving speedily enough. |
| 0:55.7 | Plus, as European economies brace for four more years of Trump, a governing breakdown in |
| 1:00.9 | Berlin adds pressure to putting Germany's political house in order. |
| 1:05.2 | And Nissan cuts jobs and production capacity amid tough times for Japanese carmakers. |
| 1:11.3 | It's Thursday, November 7th. |
| 1:13.2 | I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News, |
| 1:18.2 | the top headlines and business stories moving your world today. |
| 1:25.6 | Well, from a busy week in politics, central bank moves are now about to get their moment in the spotlight. |
| 1:32.3 | The Federal Reserve has expected to lower U.S. interest rates this afternoon, likely preceded several hours by a similar move from the Bank of England. |
| 1:41.2 | Monetary policy, for now at least, may be moving in sync across the Atlantic, |
| 1:45.5 | but what could Donald Trump's election mean for that convergence? To take a stab at that |
| 1:50.7 | consequential question, I've asked Dow Jones Newswire's economics editor Paul Hannan to drop |
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