Jonathan Levin
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Writing about markets for @opinion. Former Bloomberg Miami bureau chief. Stints in Mexico City, Sao Paulo, Rio de Janeiro, La Paz. From the Philly suburbs.
Articles by Jonathan Levin
جوناثان ليفين: كيفن وارش بات حراً في إظهار تشدده النقدي
إذا لم يكن رئيس مجلس الاحتياطي الفيدرالي، كيفن وارش، قد استوعب رسالة الناخبين الأسبوع الماضي، فإن أحدث تقرير لمؤشر أسعار المستهلكين يضع أمامه حقيقة لا لبس فيها، وهي أن التضخم لا يزال مرتفعاً للغاية. ولن يكون أمام وارش سوى رفع أسعار الفائدة مجدداً عندما يجتمع مسؤولو البنوك المركزية بعد أربعة أسابيع لتحديد السياسة النقدية، وإن كانت هذه الخطوة وحدها قد لا تكفي لكبح التضخم.
Kevin Warsh Is Now Free to Unleash His Inner Hawk
If Federal Reserve Chair Kevin Warsh didn’t get the message from voters last week, the latest consumer price index report should make it abundantly clear: Inflation is too high. For Warsh, nothing less than another increase in interest rates will do when central bankers meet in four weeks to set monetary policy. And even that may not be enough to tame inflation.
‘Delayering’ Is the New Code Word for ‘AI Took Your Job’
Photographer: Lauren Petracca/Bloomberg (Bloomberg Opinion) -- Financial technology firm Chime Financial Corp.
The dollar is reasserting itself as the king of global finance
The world remains in a volatile situation: There’s unrest in France over its deteriorating finances and big political changes are potentially afoot in the U.S. and Israel. Then there’s the ongoing war with Iran, including increased attacks on tankers in the Strait of Hormuz and Houthi strikes against Saudi Arabia. Yet, in the contest for best haven asset, here’s the scoreboard for October: What happened to the idea that gold and Bitcoin were the new flight-to-quality beneficiaries?
ウォーシュFRB議長、今こそタカ派の本領を発揮すべき時－インフレ率は高過ぎる
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Kevin Warsh Is Now Free to Unleash His Inner Hawk
Photographer: Al Drago/Bloomberg (Bloomberg Opinion) -- If Federal Reserve Chair Kevin Warsh didn’t get the message from voters last week, the latest consumer price index report should make it abundantly clear: Inflation is too high.
The dollar is reasserting itself as the king of global finance
The world remains in a volatile situation: There’s unrest in France over its deteriorating finances and big political changes are potentially afoot in the U.S. and Israel. Then there’s the ongoing war with Iran, including increased attacks on tankers in the Strait of Hormuz and Houthi strikes against Saudi Arabia. Yet, in the contest for best haven asset, here’s the scoreboard for October: What happened to the idea that gold and Bitcoin were the new flight-to-quality beneficiaries?
US jobs report: Why economists can't seem to predict it correctly
Yet again, the economic soothsayers couldn’t have been more wrong about the latest report on the state of the US labour market released last week, adding to a mounting string of errant forecasts and raising an obvious question: Why do the people who make a living forecasting one of the most important data points in the whole economy get it so wrong so often?
El dólar vuelve a imponerse como el rey de las finanzas mundiales
El mundo sigue sumido en la inestabilidad: Francia sufre disturbios por el deterioro de sus finanzas y se vislumbran importantes cambios políticos en Estados Unidos e Israel. A esto se suma la guerra con Irán, con el aumento de los ataques a petroleros en el estrecho de Ormuz y los ataques hutíes contra Arabia Saudí.
Why Is the US Jobs Report So Hard to Forecast?
Photographer: Mario Tama/Getty Images (Bloomberg Opinion) -- Yet again, the economic soothsayers couldn’t have been more wrong about the latest report on the state of the US labor market released Friday, adding to a mounting string of errant...
El optimismo de Warsh respecto a la inteligencia artificial podría limitar sus opciones en la Fed
Kevin Warsh, presidente de la Reserva Federal, aboga por la sobriedad en las comunicaciones del banco central y siente aversión por las denominadas “orientaciones prospectivas”. No obstante, se ha pronunciado ampliamente sobre el futuro de la IA: es un optimista acérrimo con respecto a esta tecnología y cree que le ayudará a luchar contra la inflación.
The Federal Reserve’s Independence Is Assured for Now
Photographer: Aaron Schwartz/Bloomberg (Bloomberg Opinion) -- President Donald Trump has steamrolled institutional norms around Federal Reserve independence for 21 months now, driving up market volatility and contributing to higher borrowing costs...
The Dollar Is Reasserting Itself as the King of Global Finance
The world remains in a volatile situation: There’s unrest in France over its deteriorating finances, and big political changes are potentially afoot in the US and Israel. Then there’s the ongoing war with Iran, including increased attacks on tankers in the Strait of Hormuz and Houthi strikes against Saudi Arabia.
The Dollar Is Reasserting Itself as the King of Global Finance
Photographer: Mary Turner/Getty Images (Bloomberg Opinion) -- The world remains in a volatile situation: There’s unrest in France over its deteriorating finances, and big political changes are potentially afoot in the US and Israel.
Nástupca Christine Lagardovej na čele ECB musí byť opakom Kevina Warsha
Autor je komentátor zameraný na americké finančné trhy a ekonomiku. Päťmesačné pôsobenie Kevina Warsha na čele amerického Federálneho rezervného systému ponúka Európskej centrálnej banke poučný príklad toho, čomu by sa mala vyhnúť pri hľadaní nástupcu svojej prezidentky Christine Lagardovej. Tá oznámila, že 7. februára odstúpi z funkcie.
Warsh’s AI Optimism May Box Him In at the Fed
Federal Reserve Chair Kevin Warsh champions parsimony in central bank communications and loathes so-called forward guidance. But he’s said plenty about the future of artificial intelligence: He’s an arch optimist on the technology who thinks it will help him vanquish inflation.
Will Fed chair Kevin Warsh’s AI optimism put him in a corner if the sector stalls?
US Federal Reserve chair Kevin Warsh champions parsimony in central bank communications and loathes so-called forward guidance. But he’s said plenty about the future of artificial intelligence (AI): He’s an arch optimist on the technology who thinks it will help him vanquish inflation.
Christine Lagarde’s ECB Successor Needs to Be an Anti-Warsh
Photographer: Ben Kilb/Bloomberg (Bloomberg Opinion) -- Kevin Warsh’s five-month-old tenure as head of the Federal Reserve offers an instructive counterexample for the European Central Bank as it seeks to replace President Christine Lagarde, who...
Warsh’s AI Optimism May Box Him In at the Fed: Jonathan Levin
In some ways, an AI wobble might have a silver lining for monetary policy. Warsh’s disinflationary thesis on AI is fundamentally a long-run bet even though AI is clearly adding to inflation at the moment. The high bandwidth memory that AI companies have gorged on soaks up a massive amount of the wafer space that the memory industry produces, much of which would typically go to conventional memory for personal devices. Personal computers and peripheral equipment prices are up 9.7% in the past year.
Warsh's AI optimism may box him in at the Fed
This column reflects the personal views of the author and does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Jonathan Levin is a columnist focused on U.S. markets and economics. Previously, he worked as a Cmppncfsh kpvsobmjtu jo uif V.T., Csbajm boe Nfyjdp. If jt b DGB dibsufsipmefs. Gfefsbm Sftfswf Dibjs Lfwjo Xbsti dibnqjpot qbstjnpoz jo dfousbm cbol dpnnvojdbujpot boe mpbuift tp-dbmmfe gpsxbse hvjebodf.
Warsh’s AI Optimism May Box Him In at the Fed: Jonathan Levin Original
Federal Reserve Chair champions parsimony in central bank communications and loathes so-called . But he’s said plenty about the future of artificial intelligence: He’s an arch optimist on the technology who thinks it will help him vanquish inflation.
Warsh’s AI Optimism May Box Him In at the Fed
Photographer: Saul Loeb/AFP via Getty Images (Bloomberg Opinion) -- Federal Reserve Chair Kevin Warsh champions parsimony in central bank communications and loathes so-called forward guidance.
Erros em apostas sobre eleição no Brasil expõem deficiências dos mercados de previsão
Bloomberg Opinion — Antes da eleição presidencial no Brasil, no domingo (25), tanto a Polymarket quanto a Kalshi indicavam uma probabilidade de cerca de 4 em 5 de que o candidato conservador Flávio Bolsonaro derrotasse o atual presidente Luiz Inácio Lula da Silva — o que os mercados de ações e títulos interpretavam como um desdobramento potencialmente positivo para a sustentabilidade fiscal do país e para a economia em geral.
Brasil expuso las deficiencias de los mercados de predicción
Antes de las elecciones presidenciales de Brasil del domingo, Polymarket y Kalshi asignaban una probabilidad cercana al 80% a una victoria del candidato conservador Flávio Bolsonaro frente al presidente izquierdista Luiz Inácio Lula da Silva, quien buscaba la reelección. Los mercados de acciones y bonos interpretaron ese escenario como un posible avance para la sostenibilidad fiscal del país y la economía en general.
Brazil Exposed Prediction Market Deficiencies: Jonathan Levin Original
Before Brazil’s presidential vote on Sunday, Polymarket and Kalshi both implied roughly 4-in-5 odds that conservative candidate would defeat left-leaning incumbent , which the stock and bond markets interpreted as a potentially positive development for the country’s fiscal sustainability and broader economy.
Brazil Exposed the Deficiencies of Prediction Markets
Photographer: Maira Erlich/Bloomberg (Bloomberg Opinion) -- Before Brazil’s presidential vote on Sunday, Polymarket and Kalshi both implied roughly 4-in-5 odds that conservative candidate Flávio Bolsonaro would defeat left-leaning incumbent Luiz...
Alta dos lucros em Wall Street mascara riscos da guerra no Irã para economia americana
Bloomberg Opinion — A temporada de divulgação de resultados está chegando, e Wall Street espera que as empresas do Índice S&P 500 que não estão ligadas à inteligência artificial (IA) obtenham lucros expressivos. Isso seria uma boa notícia se indicasse uma ampliação do crescimento dos lucros, mas, em vez disso, o índice está passando por um boom pírrico gerado pela guerra do presidente Donald Trump contra o Irã. É um aumento que pagaremos mais tarde.
The War Bump Is A False Victory For S&P 500 Profits
Earnings season is upon us, and Wall Street expects companies in the S&P 500 Index that aren’t tied to artificial intelligence to rake in profits. That would be good news if it pointed to a broadening out of earnings growth, but instead the gauge is in a Pyrrhic boom created by President Donald Trump’s war with Iran. It’s a bump that we’ll pay for later.
Ratni skok Pirova je pobjeda za dobit indeksa S&P 500
Podijeli vijest Facebook Post Tweet WhatsApp Viber Email Pokloni članak Link copied Copy link Burze Ratni skok Pirova je pobjeda za dobit indeksa S&P 500 Izvor: Jonathan Levin/Bloomberg Počela je sezona objava poslovnih rezultata, a Wall Street očekuje da će kompanije u indeksu S&P 500, koje nisu povezane s umjetnom inteligencijom, ostvariti veliku dobit.
The War Bump Is a False Victory for S&P 500 Profits
Photographer: Imen Ben Youssef / Hans Lucas / AFP via Getty Images (Bloomberg Opinion) -- Earnings season is upon us, and Wall Street expects companies in the S&P 500 Index that aren’t tied to artificial intelligence to rake in profits.
米利上げは慎重に、コアウィーブで信用市場目覚める－28年に「償還の壁」
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
جوناثان ليفين: الريف الأميركي يدفع فاتورة حرب ترمب ورسومه
إنشاء ملخص باستخدام الذكاء الاصطناعي ارتفع مؤشر أسعار المستهلكين في أميركا 3.7% في سبتمبر، مع زيادة أسرع في المناطق الريفية بنسبة 4% مقابل 3.6% في المدن، بسبب ارتفاع أسعار الوقود والرسوم الجمركية. تؤثر هذه الزيادة على الناخبين الريفيين المؤيدين لترمب، مع توقع رفع الاحتياطي الفيدرالي لأسعار الفائدة قبل نهاية الشهر، في ظل تحديات اقتصادية وصحية متزايدة. جارٍ إنشاء ملخص للمقال... غيّر الرئيس دونالد ترمب جغرافيا التضخم.
CoreWeave’s Bond Rout Should Make the Fed Cautious
Corporate credit, monetary policy’s sleeping giant, is finally stirring. Cloud computing service provider CoreWeave Inc.’s bonds dropped this month, sending yields on its 2032 notes as high as 15%. Yields for junk and investment-grade debt reached the highest since 2025 and 2023, respectively. The implication is that the cost of corporate credit, a key channel through which central banks tap the economy’s brakes to cool inflation, may start to weigh on growth. This has been a long time coming.
The Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank “forward guidance” into a banned phrase, the academy awarded the Nobel Prize in economics to Michael Woodford, one of the intellectual fathers of the practice, and Robert Hall, whose research on household expectations provided a foundation for Woodford’s later research.
CoreWeave’s Bond Rout Should Make the Fed Cautious
Photographer: Yuki Iwamura/Bloomberg (Bloomberg Opinion) -- Corporate credit, monetary policy’s sleeping giant, is finally stirring.
Commentary: The Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank “forward guidance” into a banned phrase, the academy awarded the Nobel Prize in economics to Michael Woodford, one of the intellectual fathers of the practice, and Robert Hall, whose research on household expectations provided a foundation for Woodford’s later research.
Predicting tracheostomy using ventilator support at 36 and 44 weeks in infants with grade 2 or 3 bronchopulmonary dysplasia
Abstract To develop and test models to predict the need for tracheostomy using respiratory support in infants with severe bronchopulmonary dysplasia (BPD). Retrospective cohort study of Grade 2/3 BPD infants from the BPD Collaborative registry. The primary outcome was tracheostomy and/or death prior to hospital discharge. Harmonized models were derived at 36 and 44 weeks post-menstrual age (PMA) using birth data, respiratory support, and medications.
Ground zero: America’s heartland hit by the fallout of Trump’s bomb
Opinion Ground zero: America’s heartland hit by the fallout of Trump’s bomb October 17, 2026 — 4:45pm Save You have reached your maximum number of saved items. You've used all of your gift articles. 3 more will become available on the 1st of every month. Close President Donald Trump has changed the geography of inflation.
The Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank “forward guidance” into a banned phrase, the academy awarded the Nobel Prize in economics to Michael Woodford, one of the intellectual fathers of the practice, and Robert Hall, whose research on household expectations provided a foundation for Woodford’s later research.
Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank “forward guidance” into a banned phrase, the academy awarded the Nobel Prize in economics to Michael Woodford, one of the intellectual fathers of the practice, and Robert Hall, whose research on household expectations provided a foundation for Woodford’s later research.
The Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank “forward guidance” into a banned phrase, the academy awarded the Nobel........
Trump Has Brought Inflation Back to the Heartland
Photographer: Mario Tama/Getty Images (Bloomberg Opinion) -- President Donald Trump has changed the geography of inflation.
Jonathan Levin: The Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank “forward guidance” into a banned phrase, the academy awarded the Nobel Prize in economics to Michael Woodford, one of the intellectual fathers of the practice, and Robert Hall, whose research on household expectations provided a foundation for Woodford’s later research.
Nobelova cena za ekonómiu je odkazom pre Fed
Kráľovská švédska akadémia vied má zmysel pre humor. V čase, keď predseda amerického Fedu Kevin Warsh urobil z výrazu „signalizácia budúceho smerovania menovej politiky“ takmer zakázané slovné spojenie, akadémia udelila Nobelovu cenu za ekonómiu Michaelovi Woodfordovi, jednému z intelektuálnych otcov tejto praxe, a Robertovi Hallovi, ktorého výskum očakávaní domácností položil základy Woodfordovej neskoršej práce.
Warsh quer que o Fed fale menos, mas mensagem do Nobel de Economia é que isso é um risco
Bloomberg Opinion — A Academia Real Sueca de Ciências tem um senso de humor fantástico. Em um momento em que o presidente do Federal Reserve, Kevin Warsh, transformou a “orientação prospectiva” do banco central em uma expressão proibida, a academia concedeu o Prêmio Nobel de Economia a Michael Woodford, um dos pais intelectuais dessa prática, e a Robert Hall, cuja pesquisa sobre as expectativas das famílias serviu de base para os estudos posteriores de Woodford.
The Nobel Prize in economics is a message to the Fed
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The Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank "forward guidance" into a banned phrase, the academy awarded the Nobel Prize in economics to Michael Woodford, one of the intellectual fathers of the practice, and Robert Hall, whose research on household expectations provided a foundation for Woodford's later research.
Jonathan Levin: The Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank "forward guidance" into a banned phrase, the academy awarded the Nobel Prize in economics to Michael Woodford, one of the intellectual fathers of the practice, and Robert Hall, whose research on household expectations provided a foundation for Woodford's later research.
El mercado bursátil de Trump es pésimo para la mayoría
El presidente Donald Trump siempre ha considerado el mercado de valores como un referéndum sobre su gestión. Si bien el índice S&P 500 cerró la semana pasas en un máximo histórico, lo hizo gracias al buen desempeño de un puñado de empresas centradas en el floreciente sector de la inteligencia artificial, lo que enmascaró las crecientes vulnerabilidades de la economía y los mercados financieros.
Jonathan Levin: The Nobel Prize in economics is a message to the Fed
The Royal Swedish Academy of Sciences has a fantastic sense of humor. At a time when Federal Reserve Chair Kevin Warsh has turned central bank “forward guidance” into a banned phrase, the academy awarded the Nobel Prize in economics to Michael Woodford, one of the intellectual fathers of the practice, and Robert Hall, whose research on household expectations provided a foundation for Woodford’s later research.
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