Jerome Powell’s Necktie Is Too Tight

Simultaneous pressure from markets and President Donald Trump to lower interest rates makes Federal Reserve Chairman Jerome Powell look like a guy whose necktie is too tight, says Julian Emanuel, chief equity and derivatives strategist at brokerage BTIG. He explains why, despite that pressure, the Fed may not cut rates in July as markets expect. Also joining the podcast is Bloomberg Opinion technology columnist Shira Ovide, who discusses how Slack Technologies Inc. has made its stock-market debut at a time when subscription-based, business-to-business software stocks are hot. Mentioned in this podcast:  Only Game in Town, U.S. Stocks Surge to Records in Yield Chase What Dangers Lurk in Tech Company Emails? Slack Poised to Join Cloud Valuations Soaring Into Thin AirFatter Neckties Will Save the EconomySee omnystudio.com/listener for privacy information.