Bill Dudley on Fed's Repo Facility, Negative Rates, Trade War
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 23 September 2019
⏱️ 26 minutes
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Summary
Bill Dudley, senior research scholar at Princeton University, and former New York Fed President, discusses the benefits of Federal Reserve repo operations, a politicized Fed, the prospect of negative interest rates, and the economic impact of the U.S.-China trade war. He spoke with Bloomberg's Tom Keene and Jonathan Ferro.
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Transcript
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| 0:46.1 | And we welcome all of you worldwide on Bloomberg Television and Bloomberg Radio, a very special moment for my colleague John Farrell and myself a conversation with William Dudley. And I take you back John 14 years to Bill Dudley There is not a moment to lose he was shockingly prescient at Goldman Sachs on the path of our fiscal deficit out to $1 trillion. |
| 0:55.0 | But that was little preparation for 2007 when Tim Geithner said come over to the Fed |
| 1:00.6 | desk at the New York Fed and help us with a short-term market. |
| 1:04.4 | What was stunning about this, John, you and I were killing to get bees in school. |
| 1:08.4 | The only bee he ever got in his PhD program at Berkeley was that bee from the Lariat Acurlough on microeconomics. |
| 1:15.4 | So I'm not sure he's qualified. |
| 1:16.6 | Just to be clear here is Janet Yellen's husband. |
| 1:18.8 | I'm not sure if we want to go there about his grades from Janet Yellen's husband, but we might want |
| 1:22.1 | to find out what his |
| 1:22.7 | grade is for the New York Fed. Yeah, performance from last week. This was Bill |
| 1:26.7 | Dudley on Bloomberg opinion last week and I want to bring you the lead. Get a |
| 1:30.1 | Crip, the Fed can handle the repo market. |
| 1:33.2 | Mr Dudley saying the following, |
| 1:34.8 | one of the world's most important interest rates |
... |
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