“The single best thing that helps my company is meritocracy,” Karp said yesterday during a talk at the Economic Club of New York, according to CNBC. Scrutinize every contract, he proposed, even if that means his own Denver-based company’s contracts get torn up or slashed.

READ MORE: Palantir’s Alex Karp Says He’s Fine With Pentagon Budget Cuts

The billionaire CEO of the big-data analytics company made the comments on Monday while speaking at the Economic Club of New York. When asked what he'd be doing if he wasn't leading Palantir, Karp said that while he is suited to running the defense contractor, he wasn't "built to run another company."

READ MORE: Palantir CEO Alex Karp reveals what he would do if he weren't running the company

When speaking at the Economic Club of New York, Palantir CEO Alex Karp said, "The single best thing that helps my company is meritocracy." Those were the comments from Karp, defending the U.S. government's approach to reviewing different programs to cut the budget. Ultimately, he stated that Palantir wants what is best for the country.


READ MORE: Palantir CEO Alex Karp defends U.S. government’s cost cutting efforts

And then there was St. Louis Fed President Alberto Musalem in a speech at the Economic Club of New York raising a specter any presidential administration is loath to contemplate: stagflation. "An alternative and plausible scenario in which inflation ceases to converge, or rises, at the same time the labor market weakens must also be considered," said Musalem, a voting member of the Federal Open Market Committee. Musalem said his base-case scenario is continuing slow improvement in inflation and a healthy labor market.

READ MORE: Stock Market Today: Growth Concerns Drag on Stocks

"I believe it is appropriate to monitor economic conditions and the outlook before making any further adjustments to the stance of policy," Musalem said during a speech at the Economic Club of New York.

READ MORE: Fed's Musalem urges caution before 'any further adjustments' in rates

"In the current environment, the stakes are higher than they would be if inflation was at or below target," Musalem said in a speech given before the Economic Club of New York. "The risk that inflation expectations could become unanchored is higher than it would be if the economy was operating with slack and if consumers and businesses had not recently experienced a period of high inflation."

READ MORE: Fed's Musalem flags risk of rising inflation expectations

Federal Reserve Bank of St. Louis President Alberto Musalem says policy should remain "modestly restrictive" until it's clear inflation is on track to the central bank's 2% target. Musalem also says that he sees increased risks that progress may stall or even reverse at the Economic Club of New York.

READ MORE: Musalem Says Fed Policy Should Be 'Modestly Restrictive'

Federal Reserve Bank of St. Louis President Alberto Musalem says policy should remain "modestly restrictive" until it's clear inflation is on track to the central bank's 2% target. Musalem also says that he sees increased risks that progress may stall or even reverse at the Economic Club of New York.

READ MORE: Musalem Says Fed Policy Should Be ‘Modestly Restrictive’

The U.S. economy is facing the potential risk of a period in which the labor market softens as inflation heats up, St. Louis Federal Reserve Bank President Alberto Musalem said on Thursday. “An alternative and plausible scenario in which inflation … rises at the same time the labor market weakens must also be considered,” Musalem said in remarks to the Economic Club of New York.

READ MORE: Stagflation-like trend can’t be ruled out, Fed’s Musalem says

"In the current environment, the stakes are higher than they would be if inflation was at or below target," Musalem stated during his prepared speech for the Economic Club of New York. He added that the risk of inflation expectations becoming unanchored is elevated, especially considering the recent period of high inflation experienced by consumers and businesses.

READ MORE: St. Louis Fed president warns of rising inflation risks

"After 100 basis points of interest rate cuts in the fall, I judge that monetary policy is modestly restrictive, and meaningfully less restrictive than it was six months ago," he said in prepared text for his speech to the Economic Club of New York.

READ MORE: St. Louis Fed's Musalem will be patient on monetary policy

Nothing personal against Trump, of course. A lot of people on Wall Street support him. I remember the standing ovation he received last year when he spoke to the Economic Club of New York, which, despite its name, consists mostly of finance people, not economists.

Read More: Trump’s Greatest Resistance Could Come From Wall Street

By eliminating regulations “We will eliminate regulations that drive up housing costs, with the goal of cutting the cost of a new home in half.” Sept. 5, 2024 / Economic Club of New York

Read More: Donald Trump’s Promises

“In the words of a great but highly underrated president, William McKinley, highly underrated, the protective tariff policy of the Republicans has been made — and made — the lives of our countrymen sweeter and brighter,” he said in September at the Economic Club of New York.

Read More: You’ll Never Guess Who Trump’s New Favorite President Is

Speaking in a fireside chat at the Economic Club of New York on Tuesday, Walmsley, the chief executive of GSK, one of Britain’s two big drugs companies, said the murder of Brian Thompson last month had given the industry “pause for thought” and she had “huge empathy” for his family and colleagues, many of whom she knows.
 
Read More: Emma Walmsley: We stand with US healthcare industry after murder

In a speech at the Economic Club of New York in September, he pledged that if reelected, he'd eliminate 10 rules for each new rule.

Read More: Citi's Jane Fraser Still Has Long Way to Go on Bank Overhaul

He spent an inordinate amount of time during his third campaign for president in the city and its environs, visiting not just for his trial but also for his widely criticized Madison Square Garden rally, a speech at the Alfred E. Smith memorial dinner, an appearance at the Economic Club of New York, and rallies in the Bronx and the Long Island suburbs.

Read More: Trump, Time’s person of the year, takes a very New York victory lap

The Economic Club of New York announced the winners of the third annual Innovation and Social Impact Challenge. The Innovation and Social Impact Challenge was created in 2022 in celebration of the Club’s 115th anniversary as the premier platform for non-partisan discussion dedicated to connecting the world’s brightest minds for the conversations that shape our future.

“The Innovation and Social Impact Challenge is closely aligned with our mission,” states Barbara Van Allen, President and CEO of the Economic Club of New York, “which is to serve as a catalyst for innovative ideas and thoughts, leveraging our platform to introduce impactful content into the wider business and economic communities.”

This year, the Challenge was presented to the Club’s Class of 2024 Fellows with four themes to choose from: Artificial Intelligence, Corporate Governance, NYC Challenge, and/or Energy Independence. The eight participating teams and individuals brought forward concepts that can benefit not only New York or the United States, but also the broader community and humankind. The 2024 judges included Club Trustees Dan Neff [Wachtell, Lipton, Rosen & Katz], Reshma Saujani [Girls Who Code & Moms First], Club President and CEO Barbara Van Allen, and ECNY Member Janice Ellig [Ellig Group].

At the Club's Signature Luncheon with Ken Griffin, CEO of Citadel, on November 21, 2024, two projects were recognized as the 2024 Innovation and Social Impact Challenge Winners:

• 1st Place – Sahana Athreya [Navigator AI], for her work on “Implementation of Ethics in AI Warfare.”
• 2nd Place – Sahana Athreya [Navigator AI], Derby Chukwudi [J.P. Morgan Asset Management], and Rahmila Nadi [Harvard University] for their work on "Harnessing AI in Finance to Enhance Decision-making, Productivity, Risk Analysis and Regulatory Compliance."

The Economic Club of New York’s 2024 Innovation and Social Impact Challenge winners will go on to receive a monetary prize, an additional donation to a charity of their choice, and the potential to see their proposals come to fruition.

“It’s just mathematically impossible to find $2 trillion,” Glenn Hubbard, a former economic adviser to George W. Bush and former dean of Columbia University’s Business School, said during the same Economic Club of New York event.

Of course, it’s almost never been smart to bet against Musk, the world’s richest person. And some business leaders are excited by his ambitious goals.

Read More: Wall Street isn’t buying Trump’s deportation threats or Elon Musk’s spending cut claims

Billionaire Ken Griffin, who relocated his Citadel financial conglomerate to Miami in 2022, weighed in on the debate in an interview at the Economic Club of New York last week.

“The mayor of Chicago is a former member of the teachers union, negotiating with the teachers union,” Griffin said. “The taxpayers and the children are left out in the cold.”