National Economic Council Director Kevin Hassett says productivity gains should help keep core prices under control and it would be a mistake for the Federal Reserve and ECB to hike rates during what he sees as a temporary oil shock. Speaking to Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern," Hassett also weighs in on Fed Chair Jerome Powell's plans to stay on at the central bank once his term as chairman ends.

National Economic Council Director Kevin Hassett says productivity gains should help keep core prices under control and it would be a mistake for the Federal Reserve and ECB to hike rates during what he sees as a temporary oil shock. Speaking to Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern," Hassett also weighs in on Fed Chair Jerome Powell's plans to stay on at the central bank once his term as chairman ends.

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Listen to top interviews from Bloomberg News.

Bloomberg Talks

NEC Director Kevin Hassett Talks Powell Staying at Fed, Inflation and Oil Spike

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2a760ba4-13c0-4f78-99bf-b43c00ff3d5e/transcript

IBM Chairman and CEO Arvind Krishna says that the recent slowdown in infrastructure deals was driven by a temporary reprioritization of customer capital spending rather than weakening demand. Speaking to Ed Ludlow and Romaine Bostick on Bloomberg Tech, Krishna says that about one-third of delayed products have already resumed. 

IBM Chairman and CEO Arvind Krishna says that the recent slowdown in infrastructure deals was driven by a temporary reprioritization of customer capital spending rather than weakening demand. Speaking to Ed Ludlow and Romaine Bostick on Bloomberg Tech, Krishna says that about one-third of delayed products have already resumed.

 IBM CEO Arvind Krishna Talks Infrastructure Deals

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7a165812-4336-4316-8e73-b4900130dffb/transcript

House Financial Services Chair Rep. French Hill joins Bloomberg to discuss the House backing Trump's Iran War budget despite midterm fears. He says Sen. Thune has many options in his arsenal to try and pass the budget. He also adds that no one wants high gas prices.

House Financial Services Chair Rep. French Hill joins Bloomberg to discuss the House backing Trump's Iran War budget despite midterm fears. He says Sen. Thune has many options in his arsenal to try and pass the budget. He also adds that no one wants high gas prices.

 Rep. French Hill Talks High Gas Prices, Cost of War

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b5398673-6807-40e2-9e82-b4900130dff5/transcript

BNP Paribas CFO Lars Machenil speaks with Bloomberg TV's Guy Johnson and Anna Edwards as the bank reported better-than-expected revenue and profit for the second quarter. "If you look at the cost of risk in our divisions, it is basically stable," he says. "What is that additional basis point coming from? It's because we took a prudent stand saying there is some geopolitical uncertainty and that allows us to take a generic provision for that uncertainty," Machenil adds.

BNP Paribas CFO Lars Machenil speaks with Bloomberg TV's Guy Johnson and Anna Edwards as the bank reported better-than-expected revenue and profit for the second quarter. "If you look at the cost of risk in our divisions, it is basically stable," he says. "What is that additional basis point coming from? It's because we took a prudent stand saying there is some geopolitical uncertainty and that allows us to take a generic provision for that uncertainty," Machenil adds.

 BNP Paribas CFO Machenil Talks Revenue, Risks, Geopolitics

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a029034d-e61e-47b1-a6e0-b4900130dff8/transcript

NEC Director Kevin Hassett Talks Powell Staying at Fed, Inflation and Oil Spike

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