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Bloomberg Surveillance

Surveillance: Fed's Barkin Sees Strong U.S. Growth In 3Q

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 30 September 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

Thomas Barkin, Federal Reserve Bank of Richmond President, expects strong U.S. growth in the third quarter. Lisa Shalett, Morgan Stanley Wealth Management CIO, says she’s "shocked” markets haven’t been more tumultuous amid the uncertainty over another fiscal stimulus package. Daniel Boulud, Chef and Restaurateur, discusses the return of indoor dining in New York City. Nouriel Roubini, NYU Stern School of Business Professor and NourielToday.com Host, discusses the “severe” market risks he sees from the U.S. presidential election.

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Transcript

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0:00.0

Together we have the opportunity to build a more sustainable and inclusive future.

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At the Bloomberg New Economy Forum, we help make this possibility a reality

0:11.0

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0:16.3

and ideologies.

0:18.4

Because when global leaders work together, the outcomes benefit all of us.

0:23.0

Learn more at Bloomberg surveillance podcast. I'm Tom Keene.

0:43.3

Daily, we bring you insight from the best in economics, finance,

0:46.9

investment, and international relations.

0:49.7

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the

0:56.2

Bloomberg.

0:57.4

We turn the attention now, unlike those debates, to Policy Tom Key, and we turnimberg's Michael McKee for more.

1:04.0

Hey Mike.

1:05.0

Good morning John and we are joined this morning by Thomas Mark and he is the president of the

1:09.4

Federal Reserve Bank of Richmond and we welcome you to Bloomberg Radio and Television

1:13.8

worldwide and I will tell you that I will not talk over you or or insult you this

1:17.8

morning. But one of the questions that is, well sometimes asked in Washington these days, but always on Wall Street is,

1:28.0

has the economy started to slow in the latter half of the summer going into the fall.

1:33.3

From your perch in Richmond, what do you see?

1:35.4

Well, the economy took a deep dive, as you know,

1:38.2

and it did come back quickly when we opened things up.

1:40.5

But naturally, you would expect to see that recovery be a little more gradual.

1:44.7

Where I see the real challenge now is getting the last 5% of Americans back into the workforce,

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