Closing Bell Overtime: Markets Close Higher Despite Midday Swoon; Randal Quarles on the Fed 3/23/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 23 March 2023
⏱️ 37 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | Well, you got your scorecard on Wall Street, but winter stay late. |
| 0:05.1 | Welcome to Closing Bell Overtime. |
| 0:06.4 | I am John Ford. |
| 0:07.4 | Morgan Brennan is off today. |
| 0:09.1 | On today's show, did the Fed make a mistake by raising rates? |
| 0:12.8 | That's what former Vice Chair Alan Blinder says. |
| 0:15.5 | He's going to join us to explain why. |
| 0:17.6 | Plus we'll talk to the man who headed up bank supervision for the Fed, |
| 0:21.0 | Randall Quarles, about the turmoil on the financials and the oversight changes |
| 0:24.9 | during his tenure. But let's get straight to today's market action now with major averages |
| 0:29.9 | all finishing in positive territory, though off the best levels of the day and |
| 0:34.8 | frankly all over the place joining us now Victoria Green from G-square private wealth |
| 0:39.2 | and Phil Camporelli from JP Morgan asset management great to see you both Phil from J.P. Morgan Asset Management. |
| 0:43.0 | Great to see you both. |
| 0:44.0 | Phil, why all this chop? |
| 0:47.0 | Is this just the typical post-fed, everybody trying to figure out which way things are going? |
| 0:53.0 | Yeah, so the uncertainty is really high right now. |
| 0:55.0 | So I think it's kind of ironic that on the three year anniversary, |
| 1:00.0 | you know, I love dates, March 23rd of 2020. |
| 1:03.2 | Fed comes out and says, we're going to buy corporate bonds. |
| 1:05.2 | They basically saved capital markets back then. |
| 1:08.7 | Three years later, people are like, |
... |
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