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Fed's Cook Won't Be Bullied To Resign; Fed More Worried About Inflation | Daybreak Europe 8/21/2025
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August 21, 2025
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46:58Now PlayingBloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
On today's show, Fed governor Lisa Cook says she won't be bullied into stepping down, as President Trump demands her resignation over allegations of mortgage fraud. Dip-buyers step in late in the day to steady US markets, as investors standby for the Fed Chair's speech at Jackson Hole. Meanwhile FOMC minutes show most officials seeing inflation as more of a concern than the labor market. PLUS... US vice president JD Vance says Russia wants territory that's under Ukraine's control, with reports Russia's foreign minister says Moscow and Beijing must be included in any Ukraine security guarantees. Our guest Melanie Debono, Pantheon Macroeconomics Senior Europe Economist discusses the state of the Euro-area economy ahead of European PMI data for August out today.
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