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WSJ What’s News

What Trump’s Win Means for Central Banks

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 7 November 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

A.M. Edition for Nov. 7. Donald Trump has said he wants a say on interest rates when he moves back into the White House. Economics editor Paul Hannon explains how his policies might alter the outlook for growth and inflation in the U.S. and around the world. Plus, Germany’s governing coalition collapses, adding to uncertainty over how Europe will fare in a Trump presidency. And Nissan says it’s cutting 9,000 jobs and joins fellow Japanese carmakers Honda and Toyota in slashing its guidance. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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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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