Bloomberg Surveillance: Powell's Optimistic Outlook
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 18 December 2023
⏱️ 41 minutes
🧾️ Download transcript
Summary
Bill Dudley, former NY Fed President & Bloomberg Opinion columnist, says the market could be getting ahead of itself after Fed Chair Powell's optimistic outlook. Priya Misra, JP Morgan Asset Management Portfolio Manager, says markets are not pricing in the chance of Fed cuts below the 3% level. Jay Pelosky, TPW Advisory Principal & Founder, says that we're moving toward a rate cutting cycle in 2024. Elliot Ackerman, US Marine Corps Veteran & former White House Fellow, breaks down the latest on the Israel-Hamas war. Kevin Book, Clearview Energy Partners Co-Founder & Managing Director, discusses the impacts of ongoing attacks on commercial vessels in the Red Sea.
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Transcript
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
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| 0:23.0 | Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts, |
| 0:28.0 | or wherever you get your podcasts. This is the Bloomberg Surveillance Podcast. I'm Lisa Abramowitz along with Tom Keene and Jonathan |
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| 0:52.3 | And always on Bloomberg.com the |
| 0:54.1 | Bloomberg Terminal and the Bloomberg Business App. The inflation fight isn't |
| 0:58.1 | over. Speaking to CBS over the weekend, joining a chorus of Fed officials pushing back on rate cut speculation in the wake of Jay Powell's davish outlook. |
| 1:06.5 | Former New York Fed President Bill Dudley calling Powell's comments a gamble. |
| 1:10.7 | One in quote, there's plenty that can go wrong. |
| 1:13.7 | Power has repeatedly emphasized that the Fed must finish the job, yet the more weight he puts on cutting |
| 1:18.9 | rates to avoid a recession, the greater the risk of falling and failing to control inflation of markets getting a big |
| 1:26.3 | unpleasant surprise. One way or another 2024 promises to be an interesting year. |
| 1:31.6 | Thank you for teeing that up, Bill. |
| 1:33.2 | Let's start the conversation there. |
| 1:34.8 | Just why do you think that is so risky |
| 1:36.7 | and what on earth happened at the news conference last week? |
... |
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