Reversing fall in UK confidence requires policy turnaround: economists

Reversing fall in UK confidence requires policy turnaround: economists

LONDON, Sept 27 (Reuters) – Investor confidence in Britain will only recover if Finance Minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday. The pound touched an all-time low of $1.0327 on Monday and British government bonds sold off at a furious…

Morning quote: Fed Chair Powell hopes to make Maradona

Morning quote: Fed Chair Powell hopes to make Maradona

Federal Reserve Chairman Jerome Powell and his wife Elissa Leonard attend a dinner program in Grand Teton National Park where financial leaders from around the world gather for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 25, 2022. REUTERS/ Jim Urquhart Sign up now for FREE unlimited access to Reuters.com Register A look…