Bloomberg Surveillance
2,078 episodes - English - Latest episode: almost 3 years ago - ★★★★ - 907 ratingsTom Keene, Jon Ferro, Lisa Abramowicz, and Paul Sweeney have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets.
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Episodes
Democrats Need to Get a Program and They Don't Have One, Fiorina Says
October 27, 2017 17:01 - 48 minutesFormer Republican Presidential candidate Carly Fiorina says Democrats need to get a program and criticizing Donald Trump isn't enough. Prior to that, Vincent Reinhart, Standish Mellon's chief economist, says Jay Powell as a Fed Chair would be different than Jay Powell as a Fed governor. Nathan Sheets, PGIM's chief economist, says China's President Xi has set himself up for not just five years, but 10 years of rule. Paul Hanly Jr, attorney and shareholder at Simmons Hanly Conroy, says Trump's ...
Labor Is Moving Towards Obsolescence, Henry Kaufman Says
October 26, 2017 16:57 - 30 minutesHenry Kaufman, president of Kaufman & Co., says robots will replace human labor. George Friedman, chairman of Geopolitical Futures, says it doesn't matter what President Trump wants, NAFTA will ultimately be decided upon by Congress. Finally, Arthur Levitt, former SEC chair, says a single, global model for market research would be spectacular. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Surveillance Special: A Conversation With Bridgewater's Ray Dalio
October 26, 2017 16:12 - 22 minutesRay Dalio, Bridgewater Associates Co-Chairman and Founder discusses his latest book, 'Principles', the future of the Fed and why the worst asset class to be in is cash. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Surveillance Bonus: Reflections on the Assassination of JFK
October 25, 2017 19:11 - 10 minutesWith the final trove of records on John F. Kennedy's assassination due to be released after more than half a century, Bloomberg's Tom Keene and Bob Moon look back at a day that will be forever seared into the collective memory of the nation. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
'The Swamp' is Washington's Government Spending, Rep. Brat Says
October 25, 2017 15:50 - 42 minutesRepresentative Dave Brat, a Republican from Virginia, says more Americans should raise a ruckus about government spending. Greg Valliere, Horizon Investments' chief global strategist, says Trump's base will continue to hang in there and as long as they do, he's inoculated. Michael Purves, Weeden & Co.'s head of equity and derivatives strategy, says you can expect the VIX to reprice if volatility continues to stay low. Finally, Wells Fargo Securities' Mike Mayo and Mike Schumacher discuss the ...
Trump Is Taking the Fed Chair Decision 'Very, Very Seriously,' Ross Says
October 24, 2017 17:00 - 1 hourU.S. Commerce Secretary Wilbur Ross says the Fed Chair is an important decision that President Trump is taking very, very seriously. Prior to that, Stephen Roach, a senior fellow at Yale University, says China has operated on the same principle of contradictions since the 1980s. Craig Moffett, senior research analyst at Moffettnathanson, says the wireless industry in the U.S. is shrinking partly because of T-Mobile. Senator Cory Gardner, a Republican from Colorado, says Colorado has grown to ...
Japan Markets Could Be in a Period of 'Fresh New Start,' Vail Says
October 23, 2017 15:36 - 38 minutesJohn Vail, Nikko Asset Management's chief global strategist, says Japan is pessimistic about their own economy, but the markets could be in a period of a "fresh new start." Prior to that, Torsten Slok, Deutsche Bank's chief international economist, says the big thing to look out for from the ECB is an end date to QE. Finally, Lupin Rahman, PIMCO's executive vice president of sovereign credit, says politics are a source of alpha within emerging markets. Learn more about your ad-choices at htt...
More Portfolio Pruning to Come at GE, Heymann Says
October 20, 2017 15:58 - 56 minutesNicholas Heymann, an analyst at William Blair, says GE's John Flannery is moving at lightspeed in changing the company. Prior to that, Michael Darda, chief economist at MKM Partners, says long rates don't look like they're headed up dramatically any time soon. Robert Hormats, Kissinger Associates' vice chairman, says the current administration's level of engagement with China isn't enough. Senator Chris Van Hollen, a Democrat from Maryland, says middle-class tax payers will be hit hard under ...
Markets Have Been Ridiculously Overpriced for Weeks, Gartman Says
October 19, 2017 16:13 - 38 minutesDennis Gartman, the editor and publisher of the Gartman Letter, reacts to the recent highs in the stock market and says markets have been ridiculously overpriced lately. Prior to that, Alan Ruskin, Deutsche Bank's global head of G-10 FX strategy, says 1987's Black Monday was extraordinary but 2008 was far worse. Finally, Saadia Madsbjerg, the managing director at the Rockefeller Foundation, says the forest fire prevention budget is under pressure. Learn more about your ad-choices at https:/...
A Central Bank Inflation Issue Is Looming, Kasman Says
October 18, 2017 14:57 - 31 minutesBruce Kasman, JPMorgan's chief economist, says we don't have a Central Bank inflation issue at this stage, but that is looming. Representative Mark Walker, a Republican from North Carolina, says people are hurting under Obamacare, but insurance companies aren't. Finally, Enda Kenny, the former Prime Minister of Ireland, says there's no reason why Britain couldn't be a global power within the current European Union. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Bull Market Feels Best Near the End, Kass Says
October 17, 2017 16:53 - 29 minutesDoug Kass, president of Seabreeze Partners Management Inc., tells Tom Keene and David Gura how a short seller survives during a bull market. Bill Lee, chief economist at the Milken Institute, says a John Taylor Fed chairmanship would give us more predictable framework than current Federal Open Market Committee language does. Finally, Gideon Rose, editor of Foreign Affairs magazine, says that when it comes to foreign policy, it's better to watch than listen. Learn more about your ad-choices ...
Credit Default Market Is Smaller Today, Eisman Says
October 16, 2017 16:26 - 42 minutesSteve Eisman, a portfolio manager at Neuberger Berman, talks about the smaller credit default market and says banks will increase their percentage of stock buybacks. Former Oklahoma Senator Tom Coburn says the insurance market needs price discovery and transparency. Finally, Nariman Behravesh, chief economist at IHS, says there was a split at the IMF meeting last week, with European bankers and policymakers worried and their U.S. counterparts more optimistic. Learn more about your ad-choices...
U.S. Jobless Rate Could Go Under 4 Percent, Rosengren Says
October 13, 2017 17:23 - 55 minutesFederal Reserve Bank of Boston President Eric Rosengren talks about the jobless rate and changing inflation dynamics. David Lipton, the first deputy managing director of the IMF, says the IMF has favored tax reform in the U.S. for a long time. David Malpass, the under secretary of the Treasury for International Affairs, says he'd like to see more growth in the U.S. and abroad. Nouriel Roubini, a professor at NYU's Stern School of Business, says monetary policy should be more aggressive if inf...
World Bank/IMF Meetings Special: 25 Percent of World Not Enjoying a Strong Recovery, Lagarde Says
October 12, 2017 18:41 - 23 minutesLive from the World Bank/IMF Meetings in Washington DC. Christine Lagarde, IMF's managing director, says the IMF has repeatedly said corporate tax reform was needed in the U.S. Prior to that, World Bank President Jim Yong Kim says the World Bank is talking with the U.S. about infrastructure and private-sector development. The World Bank is also launching a women's initiative with Ivanka Trump this weekend. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
We See 2 Percent Growth This Year, Colombia's Finance Minister Says
October 12, 2017 17:30 - 40 minutesMauricio Cardenas, Colombia's finance minister, says oil prices are the reason for lower GDP growth levels. Prior to that, Jason Furman, former chairman at the Council of Economic Advisers, says he's confident the Trump administration can keep up with the Ph.D.'s of the IMF. Ken Leon, a bank analyst at CFRA, says JPMorgan is more efficient than its peers. Klaus Regling, the managing director of the European Stability Mechanism, says lower taxes can help economic growth. Finally, South Africa'...
We Shouldn't Fear 2.5 Percent Inflation, Charles Evans Says
October 11, 2017 17:55 - 34 minutesCharles Evans, the president of the Federal Reserve Bank of Chicago, discusses inflation expectations and says we should be spending time above two percent inflation. Christopher Scalia, editor of "Scalia Speaks," talks about his dad Antonin Scalia and reflects on law and faith. Mike Mayo, the head of U.S. large-cap bank research at Wells Fargo, says banks seek returns and profitability and not market share. Finally, William Blair's Nick Heymann says Honeywell isn't broken, just simplifying. ...
Minuscule Volatility in Stocks Is Puzzling, Thaler Says
October 10, 2017 17:14 - 50 minutesRichard Thaler, the winner of the Nobel Prize in Economics, discusses volatility in stocks and says stocks can't be based on the certitude that there will be a massive tax cut. Prior to that, Kevin Hassett, the chair of the Council of Economic Advisers, says tax reform deserves bipartisan support. Luigi Zingales, a finance professor at the University of Chicago's Booth School of Business, says it's impossible to think about economics without behavioral economics. Finally, Olivier Blanchard, a...
Thaler's Nobel Win is Great, Hubbard Says
October 09, 2017 17:13 - 34 minutesGlenn Hubbard, the dean of Columbia University Business School, discusses Richard Thaler's "great" Nobel Prize win. Andreas Dombret, a board member at Deutsche Bundesbank, says the Basel Committee is moving closer and closer to a deal. Yale University's Robert Shiller says behavioral economics is the most important thing to happen in economics in the last 20 years. Finally, Randall Kroszner, a professor of economics at the University of Chicago's Booth School of Economics, says adding humanit...
Neel Kashkari Would Be Bill Gross's Choice for Fed Chair
October 06, 2017 16:12 - 40 minutesJanus Henderson's Bill Gross says Neel Kashkari would be his choice for chair of the Federal Reserve, but doesn't see it happening. Princeton's Alan Krueger says the tax proposals could have substantial effects on the U.S. economy. Finally, Gary Cohn, director of the U.S. National Economic Council, says the stock market reflects President Trump's economic plan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Macron, Merkel, and May Are Polling Lower Than Trump, Chandler Says
October 06, 2017 01:41 - 31 minutesWe are in an era of weak leadership, says Marc Chandler, Brown Brothers Harriman's global head of currency strategy, and the support ratings for some leaders in Europe are lower than Donald Trump's. Eurasia Group's Jon Lieber says the military has a strong command on Trump's foreign policy. Finally, Representative Peter Roskam, a Republican from Illinois, says the end game is transformational tax reform. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Tillerson Should Resign, Haass Says
October 04, 2017 17:11 - 34 minutesRichard Haass, president of the Council on Foreign Relations, says Rex Tillerson can't succeed in his role as Secretary of State and that it's hard to run a disciplined operation under this administration. Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, says a lot of economists are worried about the proposed tax plan's impact on deficit and debt. Finally, Willett Advisors' Steve Rattner says it's the White House's responsibility to "herd the cats" and bring peo...
A One-On-One with Fed's Stanley Fischer
October 04, 2017 14:19 - 15 minutesTom Keene sits down with Fed Vice Chairman, Stanley Fischer in an interview on Fed policy and the future of the Fed before his departure from the role. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Many Failed to Grasp the Magnitude of Shift in Society, Ferguson Says
October 03, 2017 17:37 - 40 minutesLawmakers and executives are struggling to keep up with the influence of social networks and modern communication, Niall Ferguson, a senior fellow at the Hoover Institution, says. JPMorgan's John Normand says Brexit seems to be going soft. Finally, Representative Jan Schakowsky, a Democrat from Illinois, says the cardinal sin of politics is disrespect. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Ken Burns Says We've Grown Numb to Violence
October 02, 2017 17:44 - 43 minutesFilmmaker Ken Burns discusses the state of American gun legislation and his latest documentary, "The Vietnam War." Bob Profusek, a partner and head of M&A at Jones Day, says people within China's deal environment aren't worried about currency or regulation, but the attitude of the U.S. administration. Steven Barr, PWC's consumer markets leader, says physical retail may be stronger this holiday season. Finally, former Acting CBO Director Donald Marron says there's evidence that links tax cuts ...
Gary Cohn Says The U.S. Must Invest in Itself
September 29, 2017 18:18 - 33 minutesGary Cohn, the director of the National Economic Council, says the Trump administration is creating a tax plan that encourages Americans to invest in the future of the country. Christopher Giancarlo, chairman of the U.S. Commodity Futures Trading Commission, says the CFTC needs a 12 percent budget increase for more examiners, more economists and more technology. Ken Sena, a senior analyst at Wells Fargo Securities, reveals how his proprietary research into AI could shift the landscape for inv...
We Need to Bring Back Up to $3 Trillion in Overseas Corporate Capital, Moore Says
September 28, 2017 17:17 - 39 minutesStephen Moore, a former economic adviser for the Trump campaign, says corporations are holding up to $3 trillion abroad that needs to be brought back to the U.S. to get the economy growing. Prior to that, Dennis Gartman, editor and publisher of the Gartman Letter, says Bitcoin and other cryptocurrencies are ridiculously priced. Americans are tired of waiting for what the GOP said it would do, Republican Representative Jim Jordan says. Finally, Janus Henderson's Ashwin Alankar says as long as ...
U.S. Faces Disconnect Between Urban and Industrial Economies, Dionne Says
September 27, 2017 16:50 - 41 minutesE.J. Dionne, the author of "One Nation After Trump" and a columnist at The Washington Post, says one of the biggest problems the U.S. faces is the disconnect between the economies of metro areas and smaller, industrial ones. It's great to have a turnover in Congress, according to Senator Pat Toomey, a Republican from Pennsylvania. Markets are drowning in cash, Bob Michele, managing director at JPMorgan Asset Management, says. CFRA's Lindsey Bell says equities are "the best house on the block....
We'll See a Split in Market Research, Ailman Says
September 26, 2017 17:09 - 37 minutesChris Ailman, CIO of CalSTRS, says we'll see a split in market research and when it's valuable, people should be willing to pay for it. OPEC's power is diminishing but it still has the power to jawbone the price of oil, Bloomberg Intelligence's Mike McGlone says. Senator Chris Van Hollen, a Democrat from Maryland, says his party needs to refocus on what the Democratic party has always stood for: the chance for everybody to have a good job and decent future. Former Health and Human Services Se...
Germany's An Election Cycle Away From Generational Change, Kornblum Says
September 25, 2017 17:22 - 36 minutesJohn Kornblum, the former U.S. Ambassador to Germany, questions if Germany's next generation will jump into the digital world or become more national oriented. Jeromin Zettelmeyer, the former director-general for economic policy at the German Federal Ministry for Economic Affairs and Energy, says Germany's governing coalition has done very well economically. John Vail, the chief global strategist at Nikko Asset Management Americas, says the Japanese people are actually against inflation. The ...
U.S. Is the Least Protectionist Major Economy in the World, Ross Says
September 22, 2017 16:41 - 38 minutesU.S. Commerce Secretary Wilbur Ross says that NAFTA is killing jobs and that the U.S. is the least protectionist major economy in the world. Prior to that, Ellen Zentner, Morgan Stanley's chief U.S. economist, says it's impossible to sustain three percent GDP growth with U.S. productivity the way it is. Finally, David Rubenstein, co-CEO of the Carlyle Group, says CBS CEO Les Moonves has an ability to pick shows that work. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Bipartisan Health-Care Bill Basics Were 'Torpedoed,' Kaine Says
September 21, 2017 16:11 - 34 minutesPresident Trump, Paul Ryan and Mitch McConnell torpedoed the bipartisan effort to pass healthcare, Senator Tim Kaine says. Prior to that, Wolfgang Ischinger, chairman of the Munich Security Conference, says there's no way that Germany, France or the U.K. can replace the leadership of the U.S. Finally, Stephen Roach, a senior fellow at Yale University, says there's a "tug of war" in China between the role of the state and the role of the markets. Learn more about your ad-choices at https://ww...
Market Economy Can't Succeed With Near-Zero Rates, King Says
September 20, 2017 17:42 - 37 minutesThe former governor of the Bank of England, Mervyn King, talks about how the financial crisis changed the banking culture and says a market economy can't succeed with near-zero interest rates. Martin Sorrell, CEO of WPP, says the uncertainty Brexit caused has been excruciating for his company. Finally, David Rubenstein, co-CEO of the Carlyle Group, defends the liberal arts education as important in business. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Fed Doesn't Have the Adequate Tools, Koesterich Says
September 19, 2017 20:08 - 51 minutesAhead of Wednesday's Fed meeting, Russ Koesterich, a global allocation fund manager at BlackRock, discusses criticisms of the U.S. central bank and says rates aren't an ideal tool for tackling income inequality. Toby Cosgrove, the president of the Cleveland Clinic, says people must recognize the magnitude of the opiod crisis and it's up to the state and federal governments to solve it. Douglas Holtz-Eakin, the president of the American Action Forum, discusses the deficit and its disservice to...
Congress Has to Change Its 19th-Century Structure, Harman Says
September 18, 2017 16:55 - 34 minutesCongress needs to disrupt its 19th-century structure, while still respecting the institution, Jane Harman, the president and CEO of the Woodrow Wilson Center, says. Willett Advisors' Steve Rattner says the existential question for Apple is what is the next act and is Tim Cook able to produce it? Finally, Princeton economist Alan Krueger discusses the connection between the opioid crisis and labor force participation. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
No Complexity in Closing Eclectica Fund, Hendry Says
September 15, 2017 15:52 - 40 minutesHugh Hendry, the founder of Eclectica Asset Management, discusses the motivations behind the decision to close the Eclectica Fund and says the global macro game will get fun again in the future. Sen. Ben Cardin, a Democrat from Maryland, says the only way our political system will function is if Republicans and Democrats work together. Fortress Investments' Wes Edens, Marc Lasry, the founder of Avenue Capital Group and co-owner of the Milwaukee Bucks, and Jamie Dinan, the founder of York Capi...
Crazy There's More Choice of Mayonnaise Than Schools, Kennedy Says
September 14, 2017 16:42 - 26 minutesIt's embarrassing that parents have more choices of mayonnaise at the supermarket than they do schools to send their children to, Sen. John Kennedy, a Republican from Louisiana, says. Pimco's Rich Clarida says technology, trade, and immigration are working together to create anxiety for Americans. Finally, former CIA director Jim Woolsey says Russia's interference with elections isn't new--it's the cyber-tactics they're using. Learn more about your ad-choices at https://www.iheartpodcastnetw...
There's a Surplus of Unskilled Workers and an Urgent Need to Get Them Trained, Herro Says
September 13, 2017 17:18 - 32 minutesWe need to focus on getting workers the skills they need for the jobs that need filling, David Herro, Harris Associates' CIO of international equity, says. Michael R. Bloomberg, founder and majority owner of Bloomberg LP, and Daniel Huttenlocher, dean of Cornell Tech, discuss the university's new campus on Roosevelt Island. Finally, Gene Munster, co-founder of Loup Ventures, says Apple is defying the laws of physics in pricing its products. Learn more about your ad-choices at https://www.ihe...
You Need Capital to Believe in Capitalism, Bremmer Says
September 12, 2017 15:56 - 36 minutesMost Americans no longer believe the American dream applies to them, Ian Bremmer, president of the Eurasia Group, says. Peter Henry, the dean of NYU's Stern School of Business, says many are still enthusiastic about jobs in public service. Finally, the retention rate of Apple iPhone users is higher than any other product out there, Walter Piecyk, an analyst at BTIG, reports. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
If Trump Asked Me to Chair the Fed, I’d Do It, Stiglitz Says
September 11, 2017 17:34 - 41 minutesNobel winner Joseph Stiglitz, currently an economics professor at Columbia University, says if President Trump asked, he would agree to lead the Federal Reserve. Prior to that, Elaine Kamarck, a senior fellow at the Brookings Institution, says Trump seems bent on making enemies in Washington. Jonathan Miller, CEO of Miller Samuel, says 16 years after 9/11 lower Manhattan’s pace of gentrification has accelerated. Finally, Kurt Andersen, host of Studio 360, discusses his new book, Fantasyland: ...
The Fed Is in The Midst of a 'Beautiful Normalization,' El-Erian Says
September 08, 2017 16:49 - 24 minutesMohamed El-Erian, a columnist at Bloomberg View, says the Fed is in the midst of a "beautiful normalization" and needs a team approach. Prior to that, Chuck Gabriel, founder of Capital Alpha Partners, says President Trump's deal with Democrats will only make tax reform harder. Finally, Jeffrey Solomon, president of Cowen and Co., says the research industry is at a point where excellence wins and mediocrity is eliminated. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Two Percent Inflation Target Is Achievable, Plosser Says
September 07, 2017 14:57 - 27 minutesFormer Philadelphia Fed President Charles Plosser says two percent inflation target is achievable and vacancies at the Fed are the result of politicization. Gregg Lemkau, Goldman Sachs' co-head of investment banking, says the lack of predictability in the Trump administration has people pausing on deals and transactions. Finally, Atul Lele, Deltec's chief investment officer, says U.S. economic expansion has been driven mainly by private industry. Learn more about your ad-choices at https://w...
America Changes Immigrants, Not the Opposite, Gutierrez Says
September 06, 2017 15:28 - 41 minutesFormer U.S. Secretary of Commerce Carlos Gutierrez discusses the need for more comprehensive immigration reform. Prior to that, Peter Hayes, BlackRock's head of municipal bonds, says one must believe in the long-term efficacy of a particular state when buying bonds. Finally, Kathleen Fisher, AllianceBernstein's head of wealth and investment strategies, says small banks buying even smaller ones. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Kim Jong-Un Threats Amount to 'Get Off My Lawn,' Kimmitt Says
September 05, 2017 17:24 - 34 minutesNorth Korea's Kim Jong-Un wants the U.S. to "get off his lawn" and Americans shouldn't worry about nuclear war any time soon, says Mark Kimmitt, the former U.S. assistant secretary of state for political-military affairs. Prior to that, James Stavridis, dean of the Fletcher School at Tufts University, says China holds North Korea's leash. Finally, Steve Bell, a senior advisor at the Bipartisan Policy Center, says there's a chance of tax cuts in early 2018. Learn more about your ad-choices at...
Jobs Report Is Weak, Gross Says
September 01, 2017 16:07 - 54 minutesBill Gross, a fund manager at Janus Henderson, says this is a weak jobs report and that he sees the U.S. budget deficit increasing. Prior to that, Jim Glassman, JPMorgan's head economist for commercial banking, says economists should worry when businesses stop worrying. Gary Cohn, director of the White House National Economic Council, says a tax blueprint will be coming out in the next couple of weeks. Finally, Brian Kelly, founder of The Points Guy, says avoid flying to Houston, but if you a...
Gasoline May Jump as Much as 40 Cents a Gallon, Gartman Says
August 31, 2017 14:48 - 33 minutesDennis Gartman, editor and publisher of the Gartman Letter, says there won't be any gasoline from the Colonial pipelines for the next several weeks. Prior to that, Nicholas Akins, CEO of American Electric Power, says it's critical to get electrical power back up at chemical facilities in Houston. Finally, Michael Brown, an economist at Wells Fargo, says he expects Democrats to support a clean debt-ceiling bill. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Why Morgan Stanley Is Revising Its GDP Outlook
August 30, 2017 17:31 - 35 minutesEllen Zentner, Morgan Stanley's chief U.S. economist, tells Tom Keene and Francine Lacqua why Morgan Stanley is revising its GDP forecast and says the economy hasn't seen the worst yet for inflation this year. Jens Nordvig, Exante Data's CEO and founder, says there's too much concern about European political risk. Jacques Rousseau, an oil and gas analyst at Clearview Energy Partners, says things may get to the point where companies borrow oil. Finally, Daniel Alpert, Westwood Capital's managi...
Next Fed Chair Doesn't Have to be Seasoned Economist, Schlosstein Says
August 29, 2017 16:24 - 42 minutesRalph Schlosstein, president and CEO of Evercore Partners, says the next chair of the Federal Reserve doesn't have to be a seasoned economist. Prior to that, Harm Bandholz, Unicredit's chief U.S. economist, says the U.S. will be at two percent GDP by the end of next year. Pete Sessions, a Republican representative from Texas, says President Trump must figure out where his best talents are quickly. Finally, Bruce Klingner, a former CIA deputy division chief, says China would act on North Korea...
Ex-FEMA Head Says Trump's Done Everything Right on Harvey So Far
August 28, 2017 15:36 - 42 minutesFormer FEMA Director James Lee Witt says Trump's done everything right so far on Hurricane Harvey. Prior to that, Representative Mark Walker, chairman of the Republican Study Committee, says he expects U.S. tax reform to pass before Thanksgiving. Noah Feldman, a Bloomberg View columnist, says it's clear Trump ignored all formal processes in pardoning Sheriff Joe Arpaio. Finally, former Fed Vice Chair Alice Rivlin says a government shutdown could still happen, even though she doesn't expect it...
Fed Should Be Moving on Balance Sheet, Dallas Bank's Kaplan Says
August 25, 2017 18:30 - 39 minutesRobert Kaplan, president of the Dallas Federal Reserve Bank, says the economy is closer to the neutral rate than some think, and the Fed should be moving on its balance sheet. Glenn Hubbard, dean of the Columbia Business School, sees 2 percent inflation in the not-too-distant future. Finally, Mohamed El-Erian, Allianz SE's chief economic adviser, says despite the back and forth in Washington, the government's debt ceiling will be resolved. Learn more about your ad-choices at https://www.ihea...
Fed Can Start Shrinking Its Balance Sheet, Esther George Says
August 24, 2017 16:22 - 44 minutesEsther George, president of the Kansas City Federal Reserve Bank, says the Fed can start shrinking its balance sheet and that there's still an opportunity to increase rates once more. Prior to that, Ron Temple, Lazard Asset Management's co-head of multi-asset investment, says leadership is not a tweet. Shannon O'Neil, a senior fellow at the Council on Foreign Relations, says Latin American countries have a reflex action about U.S. tough talk. Finally, Tim Pawlenty, the former governor of Minn...