Donald Trump has nominated Stephen Miran to fill a soon-to-be vacant seat on the Federal Reserve’s board of governors, and the Bank of England lowered rates by a quarter per cent in a close vote. Plus Europe’s weapons factories are expanding fast and US President Donald Trump threatens a 100 per cent tariff on chips excluding Apple.

Mentioned in this podcast:

https://www.ft.com/content/298bf95e-49ec-4d9f-8948-b7f72cf4ffdd

BoE cuts rates with a hawkish shift in its outlook

Europe builds for war as arms factories expand at triple speed

Donald Trump threatens 100% tariff on chips but with carve-out for Apple

Sign up here for the Chris Giles on Central Banks newsletter.

Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Sam Giovinco, Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A divided Bank of England

FT News Briefing