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GM's Mary Barra on leading through crisis

General Motors (GM) Chair & CEO Mary Barra has overcome a host of issues over her 10 years as leader of the 100-year-old plus company. At the time Barra took over as CEO, General Motors was still emerging from its 2009 bankruptcy and reeling from an ignition switch recall that led to over one hundred fatalities. Barra was tasked with completely overhauling GM's siloed culture and changing how the public viewed the company’s cars, as well as regaining their trust. "A crisis is the time you really demonstrate to the entire team that you're going to live your values," Barra told Yahoo Finance Executive Editor Brian Sozzi in a recent exclusive sit-down interview -- as well as a spin in the newly designed E-Ray Corvette on GM’s technical campus in Michigan. Barra shares with Yahoo Finance how she has led GM through crises, as she did when she took over the helm, as well as how she intends to make good on her bets to become the leader of electric and autonomous vehicles despite stiff competition from Tesla (TLSA) and skepticism from shareholders. Lead This Way is an interview series that features frank conversations with today’s leaders. The series gives consumers and investors an inside look into the innovative thinking and diverse life experiences of some of the biggest players in business to find out how they lead through change, and how they define success for themselves and their organizations. For more on our Lead This Way series, click here, and tune in to Yahoo Finance Live for more expert insight and the latest market action, Monday through Friday. Editor's Note: This article was written by Brian Vitagliano


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Powell at Macroeconomics & Monetary Policy Conference: Top takeaways

Federal Reserve Chair Jerome Powell spoke on Friday, March 29, at the Macroeconomics and Monetary Policy Conference at the Federal Reserve Bank of San Francisco. Here are the top takeaways. PCE report (00:00:03) The personal consumption expenditures (PCE) price index data was released on Friday, March 29. Regarding the latest report, Powell said, "The report that came out this morning is pretty much in line with our expectations. Core PCE is at 2.8% on a 12-month basis, headline is at 2.5%, that's what we were expecting. And it's good to see something coming in in line with expectations." Possibility of future rate cuts (00:00:21) "So what we've said is we don't see it as likely to be appropriate that we would begin to reduce interest rates until the Federal Open Market committee is confident that inflation is moving down to 2% on a sustained basis," Powell explained. "And what do we need to get that confidence? It's just more good inflation readings like the ones we were getting last year." State of the economy (00:00:43) "The economy is strong, we see very strong growth. We had growth for last year over 3%," Powell said. "We don't need to be in a hurry to cut. It means we can wait and become more confident that inflation is coming down to 2% on a sustainable basis." Expectations for interest rates (00:01:06) "My own expectation is I don't think rates will go back down to the very, very low levels they were at before the pandemic, but where they will settle out it's hard to say," Powell explained. "This economy doesn't feel like it's suffering."


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