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Shridatta Bhandwaldar, Head of Equities at Canara Robeco AMC, manages over 1 lakh crore, drawing parallels between badminton and investing. He emphasizes discipline, focus, and resilience, honed through sports and music, as crucial for navigating volatile markets. Bhandwaldar's philosophy centers on scalable, capital-efficient businesses with quality leadership, viewing investing as a journey of self-discovery.
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U.S. Treasury Secretary Scott Bessent has urged a thorough review of the Federal Reserve, questioning its interest rate authority. He criticized the Fed's policies for allegedly fueling inflation and benefiting the wealthy, advocating for a shift in focus towards its core mandate.
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Chicago Fed President Austan Goolsbee remains undecided on a September rate cut despite recent job-market weakening data. He defended the Fed's independence, opposing any moves to undermine it. Goolsbee expects future nominees to take their roles seriously, amidst concerns about potential political influence from President Trump's nominee.
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News and Media
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