Edmund Phelps Says It's Be Good to Try Out Higher Interest Rates
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 9 November 2017
⏱️ 39 minutes
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Summary
Nobel Laureate Edmund Phelps says it would be good to try out higher interest rates and that reopening coal mines in the U.S. wouldn't send a good signal to the rest of the world. Prior to that, Jens Nordvig, CEO of Exante Data, says if U.S. tax reform doesn't happen in the coming months, the dollar may drift weaker. Finally, Krishna Memani, Oppenheimerfunds' chief investment officer, says the core of the Fed under Jay Powell won't be dramatically different than under Janet Yellen.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com. |
| 0:28.8 | subscribe. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 0:44.8 | Daily, we bring you insight from the best of economics. |
| 0:47.9 | Finance, investment, and international relations. |
| 0:50.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. |
| 0:58.0 | And our first guest this morning ends Jens Nordvig. He led currency strategy and |
| 1:04.9 | fixed income research for numerous securities. Then he founded Exante Data. |
| 1:08.1 | He's now the CEO of that company and Jens is in our Bloomberg 1130 studios in New York. |
| 1:12.6 | Great to have you with us once again. |
| 1:14.0 | Thank you very much. |
| 1:15.4 | Let me start by asking you, Jens, if I could, just about this trip. |
| 1:18.2 | Let's use that as the peg to talk here about China and Chinese monetary policy in particular. |
| 1:24.0 | What's the status of market liberalization in China? |
| 1:26.0 | What do we learn from the People's Congress of a few weeks ago? |
| 1:29.0 | Well, so I think the big dynamic we've seen this year is that they impose capital controls |
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