Skip to main content

Posts

Showing posts with the label bankers

Jerome Powell Jackson Hole 2025: Fed Policy Shift, Rate Cut Signals & Global Central Bankers at Economic Symposium

Jerome Powell Jackson Hole 2025: Fed Policy Shift, Rate Cut Signals & Global Central Bankers at Economic Symposium Key Takeaways Powell addressed Jackson Hole on August 22, 2025, signaling potential September rate cuts Markets anticipate 25-basis-point rate reduction amid cooling labor market Fed Chair faces political pressure from Trump administration for aggressive cuts Central bank maintains cautious approach despite persistent inflation concerns San Francisco Fed's Daly opposes larger 50-basis-point cut proposals Powell's term ends May 2025, adding succession speculation to policy discussions Global central bankers gather in Wyoming for critical economic policy summit Fed reassesses policy framework amid mixed economic signals The Wyoming Mountains Tell Stories The Teton peaks stood silent as Jerome Powell walked to the podium at Jackson Lake Lodge. Another year, another Jackson Hole speech. The ritual continued, central bankers, economists, and policy wonks descen...

Tom Hayes & Carlo Palombo: Supreme Court Quashes Rate-Rigging Convictions

  Key Takeaways UK Supreme Court quashed Tom Hayes and Carlo Palombo’s convictions due to unfair trials . Jury misdirection deemed central to unsafe convictions—no retrial planned . Traders served 5.5 and 4 years respectively; Hayes lost family, career, mental health . Cases expose alleged scapegoating post-2008 crisis; US cleared all similar charges by 2022 . 7 other UK convictions may be challenged; calls for SFO reform and public inquiry . The Gavel Falls — Differently The wood-paneled silence of the UK Supreme Court cracked open yesterday. Tom Hayes and Carlo Palombo walked in as convicted felons. They walked out cleared men. Ten years of appeals, prison time, broken marriages—gone with a judicial pen stroke. The court didn’t exonerate their actions. It shredded the trials that put them away. Jury instructions were flawed. Unfair. Unsafe. The  Serious Fraud Office  won’t retry. Too late anyway . Who Were These Men? Tom Hayes traded for UBS and Citigroup. Carlo Palombo...