Fed Doesn't Need to Reduce Balance Sheet, Kocherlakota Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 13 April 2017
⏱️ 42 minutes
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| 0:37.0 | That's the power of global connections, Mary Lynch Pierce Fenner and Smith, Inc. Member SIPC. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
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| 1:14.0 | Let me bring in Michael Dardin now, as I said, Chief Economist at MK Partners. |
| 1:22.0 | And let's start with that interview in the Wall Street |
| 1:23.9 | Journal. There have been a series of these he spoke to Fox Business. |
| 1:26.2 | Yesterday there was sort of an extended interview with the Financial Times a week ago as well. |
| 1:29.8 | To me this one had the greatest deal of substance especially when it comes to the |
| 1:34.0 | relationship with China and foreign exchange let's start with with the dollar and |
| 1:37.8 | what he declared in that interview Michael as somebody who's an investor and |
| 1:41.8 | economist what did you make what he had to say? |
| 1:43.4 | Well right well that was unusual it's unusual for a president to to weigh in on the |
| 1:49.7 | foreign exchange value of the dollar typically the Treasury does that and ultimately the Federal Reserve is the one that |
| 1:56.0 | has the influence there. |
... |
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