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World Business Report: First broadcast 2017/11/02 22:32 GMT: Trump Names Jerome Powell to Lead Fed

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Trump Names Jerome Powell to Lead Fed

First broadcast 2017/11/02 22:32 GMT

First broadcast 2017/11/02 22:32 GMT: Trump Names Jerome Powell to Lead Fed

BBC World Service - World Business Report, Trump Names Jerome Powell to Lead Fed

US President Donald Trump has nominated Jerome Powell to lead the Federal Reserve

The BBC's New York reporter Samira Hussain joins the programme to explain President Trump's new tax reform package and more on the appointment of Jerome Powell as the new Head of the Federal Reserve. Plus an The Bank of England has announced an interest rate rise from 0.25% to 0.5%. Our regular economic commentator Roger Bootle from Capital Economics tells us if he thinks it was the right move. Also in the programme, as electric carmaker Tesla announces a record $620m quarterly loss, we ask auto industry expert Christian Stadler of the Warwick Business School how much more appetite investors have for such big losses. We have a report from Senegal about a scheme in the country where the International Organisation for Migration offers a free ticket home for people who tried to travel to Europe for work, but got stuck somewhere on the way. Plus, as Saudi Arabia announces plans to introduce a tourist visa for visitors there, Simon Calder of The Independent tells us what the country has to offer.

(Picture: Photo by Drew Angerer/Getty Images)

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First broadcast 2017/11/02 22:32 GMT: Trump Names Jerome Powell to Lead Fed

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