Bloomberg Surveillance: Gary Cohn on Inflation, Tax Cuts
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 January 2024
⏱️ 15 minutes
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Summary
IBM Vice Chairman and former US National Economic Council Director under the Trump administration Gary Cohn says the Fed cycle is finally becoming more normal. Speaking to Bloomberg Surveillance host Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern, Cohn adds US consumers partly feel bad though because of the peculiar compounding effect of inflation.
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| 0:24.3 | synthesize a number of different perspectives so they can understand how the |
| 0:28.5 | greater whole works because nothing really occurs in isolation anymore. |
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| 0:47.0 | With us around the table I'm pleased to say Gary Cone, |
| 0:50.3 | morning Gary. Good morning, John. |
| 0:51.6 | Thanks for having me. I was reflecting on our conversations we used to have many years ago |
| 0:55.2 | when you were in front of the White House and you use this term, the Threes. |
| 0:59.5 | Are we going back to the Threes? Is that what you think we're going back to? |
| 1:04.6 | It feels like we're going back to the Threerees is that we think we're going back to the threes you know in the threes for those that don't remember be standing from the White |
| 1:07.6 | House talking about the threes I was talking about three percent GDP |
| 1:10.4 | three percent unemployment and 3% wage growth. |
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