Surveillance: Fed's Clarida Says U.S. Can Escape Deflation
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 13 April 2020
⏱️ 31 minutes
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Summary
Federal Reserve Vice Chairman Richard Clarida says the central bank has the tools needed to keep the U.S. out of a deflationary trap, even as the coronavirus deals a severe hit to the economy. Dennis Gartman, Retired Editor of the Gartman Letter, says this is a time to own gold. Betsy Graseck, Morgan Stanley Head of Banks & Diversified Finance Research looks ahead to bank earnings and discusses the metrics she says will matter the most. Dr. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean of Public Health Practice and Community Engagement, says people who were reasonably sick from the coronavirus infection and got better are unlikely to get that sick again.
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Transcript
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| 0:00.0 | When you get your news from Bloomberg, you don't just get the story. You get the story behind the story. |
| 0:07.0 | How your Evie's battery may not be as green as it seems. |
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| 0:17.6 | And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg |
| 0:24.6 | dot com to get context. 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, and international |
| 0:48.9 | 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 | A conversation with the Vice Chairman of the Fed, Richard Clarita. |
| 1:01.6 | Joining me again is our chief international economic correspondent. |
| 1:05.2 | I'm thrilled that Michael McKee is with us. |
| 1:07.5 | You know him from the press conference with Chairman Powell, |
| 1:10.3 | usually bringing the room to a bit of a quiet and I'm thrilled that Mike |
| 1:13.9 | could join me this morning. Every moment here is precious. It is indeed |
| 1:18.5 | Mr Vice Chairman in historic time. Let me ask the question that I saw in so much research and reading |
| 1:25.1 | over the weekend. The confidence that the Fed can move the balance sheet back to |
| 1:30.8 | normal down the road. After pandemic after a number of years of |
| 1:35.6 | returned to economic growth how do you get the genie back in the bottle? |
| 1:39.8 | Well Tom thank you for that question and enjoy doing your show. |
| 1:44.0 | As always, first and foremost, I think we have to recognize that we're in a really unique situation. |
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