Biden renominates Powell as Federal Reserve chair, Uber starts accepting cannabis orders

Read a transcript of this episode on FT.com

https://www.ft.com/content/e83a0e51-9195-4c95-8f0b-263f97794302

Joe Biden has nominated Jay Powell to serve a second term as chair of the Federal Reserve, opting for continuity as the US economy grapples with persistently high inflation and a patchy labour market recovery; China’s hypersonic weapons test in July included a technological advance that enabled it to fire a missile as it approached its target travelling at least five times the speed of sound, a capability no country has previously demonstrated and one that caught Pentagon scientists off guard. 

Joe Biden nominates Jay Powell for second term as Fed chair

https://www.ft.com/content/9e9540a2-2ba8-4e0e-84d8-a1945c20453a

Chinese hypersonic weapon fired a missile over South China Sea, Pentagon struggles to understand how Beijing mastered technology

https://www.ft.com/content/a127f6de-f7b1-459e-b7ae-c14ed6a9198c

Uber to sell cannabis to customers in Canada

https://www.ft.com/content/22855150-d04c-4f43-adb1-f066c170555a

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.



See acast.com/privacy for privacy and opt-out information.

Transcripts are not currently available for all podcasts, view our accessibility guide.

Get alerts on FT News Briefing when a new story is published

Copyright The Financial Times Limited 2021. All rights reserved.
Reuse this content (opens in new window) CommentsJump to comments section

Comments have not been enabled for this article.