Surveillance: Fed Policy With Plosser

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.8 • 1.2K Ratings

🗓️ 28 July 2020

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Charles Plosser, Former Philadelphia Fed President, says the Fed needs to declare its independence and regain control of monetary policy. Tobias Levkovich, Citi Chief U.S. Equity Strategist, says investors are chasing momentum. Chris Krueger, Cowen Washington Research Group Managing Director, says the crux of the phase four fiscal stimulus bill is the split between lawmakers over unemployment benefits. Kathy Hochul, New York Lieutenant Governor, stresses the urgent need for greater federal stimulus in New York. Matt Winkler, Bloomberg Editor-in-Chief Emeritus, discusses the rise of socially conscious investing amid the coronavirus pandemic.

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Transcript

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0:00.0	The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day.
0:05.7	However, we can create spaces where people can freely kick the tires of their preconceived notions.
0:11.2	I'm Tim O'Brien, and I'm the senior executive editor at
0:13.8	Bloomberg Opinion. On our platform we ask tough questions and solve complex
0:18.1	problems with the facts in mind. Because context changes how you see things and
0:22.4	how you change things.
0:23.6	Context changes everything.
0:25.6	Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.
0:43.5	Daily, we bring you insight from the best in economics, finance, investment,
0:48.0	and international relations.
0:49.9	Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course,
0:56.2	on the Bloomberg.
0:57.6	Right now, a delicate conversation.
1:00.6	When you are a member of the Federal Reserve System as Charles Placer was at the Philadelphia
1:05.4	Fed, you are delegate even in retirement about the Fed.
1:10.1	We asked Dr. Placer now not to be delicate.
1:13.0	Charles Placer, you invented real business cycle theory.
1:16.4	Kidlin and Prescott got the Nobel Prize,
1:19.4	but you and Long came up with a phrase and came up with the theory.
1:24.0	There is now a raging debate in your racket
1:27.0	over the theoretical qualifications of Ms Shelton
1:31.0	to join the Fed as a governor.
	...

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