Dave Leduc, CIO of Active Fixed Income at Mellon, discusses potential trade, inflation and recession concerns in the markets. Bloomberg News Global Economics and Policy Editor Kathleen Hays and Bloomberg Economics Chief U.S. Economist Carl Riccadonna break down Fed Chair Jay Powell’s speech from the NABE conference in Denver, in which Powell said the central bank will resume purchases of Treasury securities in an effort to avoid a repeat of recent turmoil in money markets, while leaving his options open on interest rates weeks ahead of policy makers’ next meeting. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Reporter Austin Carr tell the story of a CEO's promise to wire the Artic that concealed a billion-dollar scam. Joe Kalish, Chief Global Macro Strategist at Ned Davis Research, talks about an eroding of the economic cushion, which could lead to recession. Brian Duffy, CEO of Watches of Switzerland Group, talk about their recent IPO and the outlook for the luxury watch business. Drive to the Close with Greg Luken, CEO of Luken Investment Analytics. 

Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan. 

Dave Leduc, CIO of Active Fixed Income at Mellon, discusses potential trade, inflation and recession concerns in the markets. Bloomberg News Global Economics and Policy Editor Kathleen Hays and Bloomberg Economics Chief U.S. Economist Carl Riccadonna break down Fed Chair Jay Powell’s speech from the NABE conference in Denver, in which Powell said the central bank will resume purchases of Treasury securities in an effort to avoid a repeat of recent turmoil in money markets, while leaving his options open on interest rates weeks ahead of policy makers’ next meeting. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Reporter Austin Carr tell the story of a CEO's promise to wire the Artic that concealed a billion-dollar scam. Joe Kalish, Chief Global Macro Strategist at Ned Davis Research, talks about an eroding of the economic cushion, which could lead to recession. Brian Duffy, CEO of Watches of Switzerland Group, talk about their recent IPO and the outlook for the luxury watch business. Drive to the Close with Greg Luken, CEO of Luken Investment Analytics. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Powell Sees Fed Resuming Balance-Sheet Growth, The CEO That Faked Alaska, Luxury Watches

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