Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
LONDON (Reuters Breakingviews) - Traders push the euro up at their own peril. The single currency’s recent broad-based strength risks depressing import prices when inflation is still too low. Any hint that a stronger exchange rate could prompt European Central Bank President Mario Draghi to leave monetary policy loose for longer will force the euro back down again.
LONDON (Reuters Breakingviews) - Central banking increasingly looks like an act of faith. The president of the European Central Bank, Mario Draghi, and his Bank of Japan counterpart Haruhiko Kuroda have spent trillions of euros and yen without generating as much inflation as they want. Yet they have little choice but to insist their policies will eventually work.
LONDON (Reuters Breakingviews) - Worldpay discovered on Wednesday that a couple of birds in the bush are sometimes worth a bit more than one in the hand. A day after Britain’s biggest payment processor said it had received approaches from both Vantiv and JPMorgan, the company plumped for the former’s offer of nearly $10 billion in a mix of cash and shares. That took the shine off the share price of both the buyer and its target. Perhaps because the deal only makes sense with some very charitable assumptions.
LONDON (Reuters Breakingviews) - British Prime Minister Theresa May has the chance to make a virtue of political necessity. Her fragile minority government is under mounting pressure to spend more on a range of fronts. Loosening the purse strings would help both the economy and Bank of England Governor Mark Carney.
LONDON (Reuters Breakingviews) - Britain’s messy politics is making it harder for Bank of England Governor Mark Carney to ignore a jump in inflation. The spike in prices is probably temporary and wages remain subdued. But the country’s fragile government will add to bond investors’ nerves.
LONDON (Reuters Breakingviews) - French voters are handing President Emmanuel Macron a flawed mandate to overhaul the economy. His party, La Republique En Marche!, pulled off a stunning coup on Sunday by topping the first round of polls little more than a year after it was founded. It looks set to win a big parliamentary majority after the second-round vote on June 18. But this is not quite the ringing endorsement of his economic reform proposals that it appears.
LONDON (Reuters Breakingviews) - British voters are their currency’s worst enemy. An election that produced no clear winner has knocked sterling lower, nearly a year after it was pummelled by a UK vote to leave the European Union. A brutal EU exit and a second Scottish independence referendum may now be a little less likely. But that is not a good enough reason to stock up on pounds anytime soon.
LONDON (Reuters Breakingviews) - The French state is a curious shareholder: too active in some cases, too passive in others, and largely unconcerned about underperforming the broader market. President Emmanuel Macron has the chance to rectify these problems. The question is whether he has the desire.
LONDON(Reuters Breakingviews) - Negotiating Britain’s exit from the EU is bound to guzzle Emmanuel Macron’s time and energy once he takes over as President of France. But knitting the euro zone closer together will be the task that consumes his political capital. Punishing or pleasing the UK will be an outcome, not an objective.
HONG KONG (Reuters Breakingviews) - Luck as much as talent has propelled Emmanuel Macron to the French presidency. The centrist will need both in spades if he wants to be acclaimed for more than defeating National Front leader Marine Le Pen. At best the 39-year-old will push through limited reforms. At worst, he risks undermining the presidential system that underpins the country’s Fifth Republic.