
Wall Street Soars On Powell Comments
Federal Reserve Chairman Jerome Powell has told a conference that he will not resign from his post if President Donald Trump asks him to.
Federal Reserve Chairman Jerome Powell has told a conference that he will not resign from his post if President Donald Trump asks him to. The comments have boosted Wall Street - the Dow Jones Industrial Average leaped 600 points or 2.7% to 23,286.28. Chris Low from FTN Financial in New York weighs in. Hundreds of German politicians have had personal details stolen and published online. Sven Herpig, project director of the Transatlantic Cyber Forum at the Berlin-based thinktank Stiftung Neue Verantwortung, tells us how much personal data was leaked after the breach. Also in the programme, three former Credit Suisse bankers have been arrested over their alleged role in a $2bn fraud scheme connected to firms in Mozambique. We get the background from Dr Joseph Hanlon, who teaches at the Open University and edits two newsletters on Mozambique. With a partial government shutdown in the US now entering its third week, we talk to one federal employee about the mood amongst her colleagues. Our reporter examines the arguments around whether business should be doing more to tackle the problem of loneliness. Plus we look back at the rest of the week's big business stories with Nina Trentmann of the Wall Street Journal in London, and Melody Hahn, senior writer at Yahoo Finance in New York.
(Picture: Chairman of the U.S. Federal Reserve Jerome Powell speaks during a news conference on December 19, 2018 in Washington, DC. Picture Credit: Chen Mengtong/China News Service/VCG via Getty Images)
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- Fri 4 Jan 2019 22:32GMTÃÛÑ¿´«Ã½ World Service