Listen: Bloomberg, Giudice Bloomberg, Jerome Powell discussed on Bloomberg Businessweek
"I'm Charlie Pellett at, Bloomberg world headquarters. A, day of records on Wall Street equities. Capita second straight week of gains the dollar slumped after Federal. Reserve chairman Jerome Powell signalled the central Bank has no intention of raising interest rates at a faster, pace Powell made the comment sort of fed conference in Jackson. Hole Wyoming where we caught up, with Robert Kaplan the president. And CEO of the Federal Reserve. Bank of Dallas I've said. I think we ought, to be moving toward neutral which means three or four increases over the next nine to twelve, months and I think at this point moving in, September and December is consistent with that path there is strength behind the headline in today's government report on factories as we hit from Bloomberg's Vinny Del Jude ice manufacturers are slugging it. Out total, durable goods orders dropped one point seven percent in July reflecting fewer aircraft however outside of transport business investment picked up. That's a sign Strength despite business concerns over White House trade policy Vinny Del. Giudice Bloomberg radio so records on Wall Street but Bob doll senior portfolio manager at new Wien asset management is cautioning there are headwinds fundamentally modestly, higher interest rates and, inflation comma and. Then in capital letters I'll say trade but it's more than trade sanctions it's. A whole long list of things that's causing that question like who are friends around the world oil explorers, sidelined American drilling rigs at the fastest pace in more than. Two years, as a spending."