David Westin News

23.11 / 23:07

Government Federal Reserve US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair

Pennsylvania Senator Pat Toomey, one of the lawmakers who supported amending the language around crypto in the recently passed infrastructure law, said the United States should lead the world in the adoption of a central bank digital currency.

21.05 / 22:35

COST UPS Citi Manufacturing pandemic Universities Nobel laureate Krugman “fanatically confused” on interest rates

Nobel laureate in economics Paul Krugman said it’s entirely unclear where interest-rate levels are headed over the medium term, with arguments in favor of both a return to pre-pandemic levels and a higher-for-longer outcome.

17.05 / 22:01

markets COST economy BlackRock tennis show NOT BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation

BlackRock Inc.’s Rick Rieder has some advice that bucks conventional wisdom: The best way for the Federal Reserve to temper inflation will be to lower rates, not hold them higher.

13.05 / 10:19

Blockchain tokenization Franklin Templeton CEO Bullish on Blockchain Technology and Asset Tokenization Trend

Franklin Templeton CEO Jenny Johnson, who oversees the $1.6 trillion asset management firm, said she remains a huge fan of blockchain technology and sees exchange-traded funds (ETFs) and mutual funds being on the blockchain during an interview with Bloomberg anchor David Westin.

10.04 / 17:47

COST Food Universities show reports Headlines Larry Summers says CPI raises chances that Fed’s next move is to hike

Treasury Secretary Lawrence Summers said that the hot US consumer price inflation report for March means that the risk case of the next Federal Reserve move to be an increase must be taken seriously. “You have to take seriously the possibility that the next rate move will be upwards rather than downwards,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. He indicated that such a likelihood is somewhere in the 15% to 25% range.

03.12 / 04:19

Provident BLOCK Cooper CEO Strategy Software reports regulatory Larry Summers on AI governance: OpenAI must cooperate with govt for national security and regulatory issues

OpenAI, expressed the significance of the company's work as "extraordinarily important." He emphasized the importance of OpenAI operating as a "corporation with a conscience." According to a report from Bloomberg, Larry Summers stated on Bloomberg Television's Wall Street Week with David Westin that OpenAI has to be prepared to cooperate with key government officials on regulatory issues, on national security issues, on development of technology issues. The statements provide insight into the focus of Summers, a former US treasury secretary, in his role at the Silicon Valley startup. He officially became a member of OpenAI's board this week, following a turbulent leadership dispute that captured the attention of Silicon Valley.

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