Welcome to the Bloomberg's surveillance podcast, I'm Tom Keane, along with Jonathan

Farrell and Lisa Abralwitz.

Daily we bring you insight from the best, an economics finance investment and international

relations find Bloomberg's surveillance, an Apple podcast suncloud, Bloomberg.com and

of course on the Bloomberg terminal.

Always enjoyed, I speak to William Dudley, he's a former president of the New York Federal

Reserve, the interesting mandate at the New York Fed, Bloomberg opinion columnist and doing

so much for Bloomberg economics as a senior advisor.

Bill Dudley, a virtual Jackson hole, you and I have been there, there's a, you know,

the central bankers go out, they wave at the moose at the split rail fence, they're not

going to do that this year.

How does it change if Jackson Hall is virtual?

Well, they eliminate all the side conversations at the lunches on the hikes, so there isn't

the kind of back channel kind of communication that you might get otherwise.

I mean, there's a number of things that I'd love to talk to participants about, that I

have nothing to do with monetary policy.

What are they planning to do on payments and cellular cryptocurrencies and digital currencies?

What's their attitude about climate change?

So there's a lot of things to talk about and if you don't have those opportunities at

lunch and dinner, you don't, you can't talk about those things.

From the fractious Fed development, you know, not to make it a history lesson, but the Panic

of O7, Opta McChesley Martin in the early 1950s, out to now, where is the Fed mandate

...