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This is is Bloomberg Surveillance.

I think most experts would agree that the world needs more

expansionary fiscal policy.

I think the FOMC is trying to tell us,

hey guys, there is actually a good case to be made

for the economy reaching full capacity

and therefore for us hitting our dual mandate.

Policymakers don't like changing policy

without preparing markets. The fact that they haven policy without preparing markets.

The fact that they haven't been preparing markets for a rate hike suggests that there will not be one in June.

Bloomberg surveillance, your link to the world of economics, finance, and investment on Bloomberg Radio.

Good morning everyone, the interview of the day,

Michael McKee with Jeff Lacker. Look for that in 30 minutes before that.

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