Chancellor Says He's OK With A Recession If It Brings Down Inflation

Bloomberg Daybreak: Europe Edition
26/05/2023 17 min
Chancellor Says He's OK With A Recession If It Brings Down Inflation

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Episode Synopsis

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) The Chancellor says he's in favour of higher rates even if it causes a recession. (2) A US debt deal begins to take shape as the Treasury gets down to its last $50bn. (3)  Asset managers attack a plan to force pensions into a UK growth fund. (4) Cathie Woods's flagship ARKK Fund sold Nvidia stake just before the stock surged. See omnystudio.com/listener for privacy information.

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