Surveillance: Central Bank Decisions with Maher
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 February 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
Daragh Maher, HSBC Securities Head of Research Americas & Head of FX Strategy, says this is a really tricky time for central banks. Mandy Xu, Credit Suisse Securities Chief Equity Derivatives Strategist, says there is a risk the Fed is about to embark on a policy mistake. Simona Mocuta, State Street Global Advisers Chief Economist, says the retail sales data doesn't help solve the inflation question. David Rubenstein, Carlyle Group Co-Founder and Co-Chairman and Host of "The David Rubenstein Show: Peer-to-Peer Conversations," discusses his interview with U.S. Special Envoy for Climate John Kerry.
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Transcript
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| 0:00.0 | Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic |
| 0:05.9 | headwinds? Will the tense geopolitical climate ease or escalate? This is the Outthinking |
| 0:11.4 | Investor. Join us as we re-examine the past, present-day opportunities and future possibilities |
| 0:18.3 | in global capital markets. The Outthinking Investor, an award-winning |
| 0:23.2 | podcast from PGIM. This podcast is intended solely for professional |
| 0:27.1 | investor use. Past performance is not a guarantee of future results. |
| 0:35.2 | Welcome to the Bloomberg surveillance podcast I'm Tom Keane, along with Jonathan Ferrell and Lisa |
| 0:41.1 | Abramowitz. Daily, we bring you insight from the best and economics, finance, investment, |
| 0:47.1 | and international relations find Bloomberg surveillance, an Apple podcast, |
| 0:51.8 | SoundCloud, Bloomberg.com, and of course, on the Bloomberg terminal. |
| 0:58.5 | Eight years ago, Tom and I sat around the table and had a big conversation about who would |
| 1:02.2 | hike first, the Bank of England, or the Federal Reserve, and who would hike more, the Bank of England, |
| 1:06.6 | or the Federal Reserve. In the end, the Bank of England waited, waited, and did very little |
| 1:10.9 | to solve. In fact, it was the Federal Reserve that was almost flying so low for the big, |
| 1:15.0 | developed market central banks. It will be different this time. Deremer, the head of |
| 1:19.6 | America's research and ethics strategy at HSBC Security's Joint is right now. Deremer, how |
| 1:24.2 | difficult and different will this one be compared to what we saw last time around? |
| 1:30.4 | It's a really tricky time for central banks. Tom used the word conundrum in the terms of market |
| 1:36.2 | behavior, but for central banks, this is it. You've got an inflation problem, so do you respond |
| 1:41.5 | to that? You've got a real income squeeze, so do you take greater account of that? This is really |
| 1:46.2 | tricky. I mean, look, as a House, we think the Fed errors on the side of a 50 basis point move in |
| 1:52.1 | March, whereas for the Bank of England, we think they're going to just take with the 25 pace that |
... |
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