Rolling coverage of the latest economic and financial news, including live coverage of the Bank of England Watchers conference in London Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy The AI poster boy, the ‘Chinese spy’ and Trump: how an affair may have harmed US security Jensen Huang’s image has been shattered. Could he be pushed out at Nvidia? A senior US central banker is calling for a hike in interest rates next month. Federal Reserve governor Christopher Waller is arguing that the Fed should raise short-term borrowing costs next month even if government data shows inflation cooling. “While I am hoping for an improvement over September, even if this occurs, I would still support a 25 basis point increase in the FOMC’s policy rate at our December meeting.” “The affair itself is unlikely to be the central issue for shareholders. What matters is whether shar