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Bloomberg Surveillance

Steven Friedman: global economy matters more to Fed

Bloomberg Surveillance

Bloomberg

Investing, Business News, News, Business

3.81.2K Ratings

🗓️ 17 March 2016

⏱️ 13 minutes

🧾️ Download transcript

Summary

Steven Friedman: global economy matters more to Fed

Transcript

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0:00.0

With Bloomberg you get the story behind the story, the story behind the global birth rate,

0:04.7

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

0:10.8

And context changes everything.

0:12.6

Go to Bloomberg.com to get context.

0:15.0

This is Bloomberg surveillance.

0:20.0

I suspect we're in one of the darkest periods of Central Banking since the 1930s right now.

0:25.8

They're just grasping for solutions.

0:28.1

There are an awful lot of antagonists who don't like the Fed who want a curb the Fed's authority.

0:33.4

If demand doesn't respond to low prices,

0:35.8

we're in the end of the oil age by definition.

0:38.0

Then exactly the highlight, there's no terminal value,

0:40.6

and we're very worried about that.

0:41.8

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

0:47.4

Bloomberg Radio.

0:48.4

Good morning I'm Michael McKee, along with Tom Keene.

0:51.6

It is 7 a.m. on Wall Street and 7 a.m. in Ottawa.

0:56.0

Today on surveillance of Bloomberg exclusive, John Mikkelthwaite sits down with the Prime Minister of Canada, Justin Trudeau.

1:04.4

Before that, Central Banks, the Swiss, the Norwegians

1:07.9

have spoken, so have the Indonesians.

1:10.4

The Swiss National Bank stands pat.

1:12.1

The Norges Bank cuts a quarter point to 50 basis points.

1:15.0

Next up, the Bank of England, not yet on Summertime, so at 8 a.m. rather than now.

...

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