Wall Street Week Dudley on Powell, Saudi Arabia Tourism, Megapass Skiing
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Jan 16, 2026 Bill Dudley, former president of the Federal Reserve Bank of New York, shares insights on the potential implications of the Justice Department's investigation of Fed Chair Jay Powell. He discusses the evolving dynamics of Fed independence amidst political pressures. Jumana Brasechi provides an on-the-ground look at Saudi Arabia's ambitious Vision 2030 tourism project, highlighting targets for millions of visitors and the societal changes accompanying this transformation. The conversation also touches on how skiing megapasses have redefined consumer choices and capital investments in the industry.
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Protect Central Bank Appointments
- Avoid politicizing central bank appointments because it undermines confidence and effective policy.
- Keep Fed leadership independent so monetary policy reflects economic data, not political pressure.
Tourism Is Central To Vision 2030
- Saudi Vision 2030 targets massive tourism growth to diversify away from oil.
- Officials aim for 50 million foreign visitors and are building resorts, airports, and airlines to attract them.
Al-Ula's Rapid Early Growth
- Al-Ula has hosted about 300,000 visitors since 2019 with 30% international guests.
- The Royal Commission targets 2 million visitors by 2035 as part of a cultural and heritage push.
