Stocks jumped and the dollar edged up as the Trump administration defused some of the tension that had rattled financial markets in recent sessions. President Donald Trump said yesterday that he does not intend to fire Fed Chair Jay Powell, while Treasury Secretary Scott Bessent told investors that the US-China trade dispute is unsustainable and that a deal will be made. This came as the International Monetary Fund slashed their global growth forecasts, with widespread downgrades after the US tariff announcements. Our Chief Economist, David Kohl, shares his views on what to expect from the ECB and the Fed in terms of monetary policy in this environment and what it means for the economy.
00:00 Introduction: Helen Freer, Investment Writing
00:34 Markets wrap-up: Jan Bopp, Investment Writing
06:38 Comments on ECB, US recession risks, Fed: David Kohl, Chief Economist
12:38 Closing remarks: Helen Freer, Investment Writing
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