Wall Street Update Edition: Fed Chief Nominee Powell faces Confirmation Hearing
Fed chair nominee Jerome Powell faced his first confirmation hearing on Capitol Hill.
Jerome Powell, President Donald Trump鈥檚 nominee to be the next chairman of the Federal Reserve, faced his first confirmation hearing on Capitol Hill. Jared Bernstein, a member of President Obama鈥檚 economic team, gives us highlights and his expectations for what鈥檚 next at the central bank. Also in the programme, as Uhuru Kenyatta begins another five year term, we consider his economic challenges. Vimal Shah is chairman of Bidco, a multinational company based in Nairobi, and offers his thoughts. We hear from Stifel analyst Chris O鈥機ull why American sports-bar chain Buffalo Wild Wings is set to be bought for $2.5 billion. Plus, Italy is introducing a new tax on online sales aimed at recovering more revenue from tech giants. Paolo Cellini, a digital economist at Luiss University in Rome and Dario Stevanato, professor of taxation at Trieste University weigh in. And, we talk to round-the-world yachtswoman Dame Ellen MacArthur about efforts to hold the clothing industry accountable for the impact of discarded clothes on the environment.
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World Business Report
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