An Update from the Fed: Coming to the Rescue?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 18 March 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Mar 17,2021: Real Vision’s Jack Farley hosts managing editor Ed Harrison to break down the Federal Reserve’s Open Market Committee (FOMC) meeting and Fed Chair Jay Powell’s speech. Harrison and Farley interpret the Fed’s projections of GDP growth, inflation, as well as their “dot plot” of the future Federal Funds rate. Farley reviews the price action in bonds, gold, and the tech-heavy NASDAQ 100, and Harrison analyzes the challenges many European nations face as they attempt to vaccinate their population against COVID-19. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	FEDCHAIR J-POWL doubles down on asset purchases reigniting risk assets such as growth stocks
0:17.1	and gold.
0:18.1	But will his unwillingness to go all-in on yield control leave long bonds stranded?
0:23.2	For all of us and more, I'm joined by Real Vision Managing Editor Ed Harrison.
0:27.3	How are you doing?
0:28.3	Very good and excited to go over with you what the FEDCHAIR said and what it means.
0:33.7	Yeah, you know the FEDCHAIR, excuse me, I called you FEDCHAIR, that's how much I'm thinking
0:37.3	about the FEDCHAIR.
0:38.3	Excuse me, Ed.
0:39.3	Today is a doubly important day.
0:40.3	We're going to talk about the FEDCHAIR, but I quickly want just to say to the Real Vision
0:44.5	audience that today is actually the one-year anniversary of the Real Vision Daily Briefing.
0:50.6	So a big thank you to everyone at home for tuning in.
0:54.3	Yeah, I saw that our friend and colleague Nick Carrea, he's the one who pointed out to
1:00.0	us that we've been doing it for a year.
1:02.1	Actually, you know, it may have actually even been yesterday that it was the first anniversary.
1:07.4	Whatever day it was, I believe that we were down like 12% a year ago.
1:14.7	So I mean, and we were in lockdown and going into lockdown and it was just a crazy world.
1:21.1	I think things are a lot better, they look a lot better, a little more certain today.
1:26.6	Completely, and I think a large part of that stability in markets is due to the unprecedented
1:33.0	monetary stimulus, as well as fiscal stimulus.
1:36.5	And today, I think that's a great transition to talk about FEDCHAIR, Jay Powell, the presentation
	...

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