How Last Week’s Market Swings Helped Out the Fed: DealBook Briefing
Among the assets that could be sold to private financiers if the White House got its $1.5 trillion infrastructure investment program:
• Ronald Reagan Washington National Airport and Dulles International Airport
• The George Washington and Baltimore Washington parkways
• The Washington Aqueduct
The thinking behind the plan
The administration believes private investors can do a better job of running highways, airports
and railroads than the government, and states and local governments can do a better job of allocating money.
• For several weeks last year, a white board in one executive’s office had “pussy” written on it.
But if interest rates in the bond market spike higher than investors expect, or the
Fed is happy with, Mr. Powell would face his first big challenge as Fed chairman.
Mondelez said Reynolds American chief executive, Debra Crew,
and Trian Fund president, Peter May, will be named to the board the same day as Mr. Peltz steps down.
Mr. Tan essentially signaled that Broadcom would seek fewer board seats in an interview on CNBC on Monday.
