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Bloomberg Surveillance

Instant Reaction: Jay Powell on Fed Policy

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 13 December 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision. 

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Transcript

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1:01.0

Chairman Powell wrapping up 2023 and unleashing a monster rally from New York City this afternoon.

1:11.5

Good afternoon, good afternoon.

1:12.9

Alongside Tom Keene and Lisa Brownitz, I'm Jonathan Ferro, here with the scores in the

1:17.4

Eckery market right now on the S&P 500 up by more than 1%.

1:21.0

On the NASDAQ up by 1.1%.

1:24.1

The words of Emily Rowland of John Hancock investment, it's a pivot party and everybody's invited.

1:29.3

Chairman Powell just turned up the music.

1:31.3

In the bond market, two year, ten year, thirty year, look a little something like this.

1:35.3

We're down 26 basis points on a two year to four forty seven.

1:39.3

On a ten year, we're down sixteen to four point zero four percent.

1:43.3

We all had a big question coming into this news conference.

1:46.6

Would Chairman Powell push back against these big moves in this bond market,

1:50.1

these big moves in this stock market?

...

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