Fed Meetings Get Underway amid Unclear Trump Policies
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 18 March 2025
⏱️ 36 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 19th, 2025
Featuring:
1) Stuart Kaiser, Head: US Equity Trading Strategy at Citi, discusses political uncertainty weighing on US equities and whether the market will see a bounce back this week as it awaits tariffs on April 2. It comes as Treasury Secretary Scott Bessent said that the underlying economy is healthy and there’s no reason for the US to see a recession, while rejecting the idea of assuring there cannot be a downturn. Economists have warned there’s rising risk of an economic downturn thanks in part to uncertainty over President Trump’s tariff hikes.
2) Joumanna Bercetche, host of "Bloomberg Horizons," on the broken ceasefire between Israel and Hamas. Israel launched airstrikes across Gaza, killing hundreds of people, and shattering a nearly two-month ceasefire with Hamas. The airstrikes were in response to Hamas' refusal to release remaining hostages, with Israel demanding the release of around 60 captives and Hamas' disarmament and withdrawal from power in Gaza. The conflict has led to a surge in gold and oil prices.
3) Cam Harvey, professor at Duke University, joins for an extended discussion on gold, the Fed, and a potentially slowing US economy. Fed Chair Powell faces a tricky task of reassuring investors about the economy while conveying the Fed's readiness to act if necessary, amid trade war uneasiness and market volatility just as this month's FOMC Meetings get underway.
4) Skylar Montgomery-Koning, FX Strategist at Barclays, on the bear and bull cases for a US dollar and a reshaping global FX landscape. Amid German rearmament, Germany’s DAX benchmark touching a new record high, and the euro firmed to a new five-month high versus the dollar.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including Warren Buffett changing rules for Berkshire's March Madness bracket, and why you shouldn't pick Duke.
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Transcript
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| 0:53.5 | Music studios. Podcasts Radio News. This is the Bloomberg Surveillance Podcasts |
| 1:01.5 | podcast. Catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the |
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| 1:13.5 | Stuart Kaiser joins us. |
| 1:14.6 | He's head of U.S. equity trading strategy at city global markets. |
| 1:19.5 | Stuart, what do you hear on your desk? |
| 1:21.2 | What are your traders telling you? |
| 1:22.3 | What are your clients telling you about what was at its trough of about a 10% pullback |
| 1:26.9 | in the market. |
| 1:27.8 | A healthy step in an otherwise okay market or something different? |
| 1:31.0 | Well, Matt, I think most PMs would rather not have that type of healthy step. |
| 1:34.5 | But yes, I think, look, position derisking, I think, is a discussion point, you know, |
... |
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