Fed Must Raise Rates and Shrink Balance Sheet Thoughtfully, Hill Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 12 July 2017
⏱️ 49 minutes
🧾️ Download transcript
Summary
Arkansas Congressman French Hill says Fed governors need banking, business and a mixture of experience. Prior to that, Bruce Kasman, JPMorgan's chief economist, says the important thing to look for from the Fed is balance sheet timing. Libby Cantrill, Pimco's executive vice president, says expectations for passing legislation are unrealistic. Finally, Toby Cosgrove, CEO of the Cleveland Clinic, says he doesn't expect the health-care bill to be passed.
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| 0:27.6 | VR, Merrill Lynch, Pierce, Fenner and Smith, Incorporated. Welcome to the Bloomberg Surveillance Podcast. |
| 0:34.0 | I'm Tom Keene with David Gura. |
| 0:47.0 | Daily we bring you insight from the best of economics. |
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| 1:05.0 | I mean we can look at the currency that the screen and fold it all together, but let us |
| 1:10.0 | get a more holistic view, particularly with Chair Yellen speaking today, and that would be |
| 1:15.0 | with Bruce Kasmin of a J.P. Morgan. |
| 1:17.6 | Bruce, you've got a great team and you put out a Friday note with Mr. Ferelli and the others, how do you put the note together? |
| 1:25.3 | Do you have like a 10 a.m. meeting on Friday where you go, you do this, you do this, or do you start |
| 1:29.9 | like on Tuesday to generate that Friday 7 p.m. note. |
| 1:33.8 | Well we've got a team of about 30 people around the world who are kind of |
| 1:36.9 | putting stuff together as the week goes on. We actually get together on |
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