Surveillance: Fed's Virus Response With Kaplan & Bostic
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 27 March 2020
⏱️ 47 minutes
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Summary
Catherine Mann, Citi Global Chief Economist, says there will be no second half rebound in 2020 if businesses that do not borrow bonds go bankrupt. Robert Kaplan, Federal Reserve Bank of Dallas President, sees a substantial contraction in the second quarter, but says the economy will get stronger heading into 2021. Raphael Bostic, Federal Reserve Bank of Atlanta President, says the economy may rebound quite robustly once the public health crisis is under control. Darrell Cronk, Wells Fargo Wealth & Investment Management CIO, says it is still a good idea to remain defensive on stocks. Dr. Krutika Kuppalli, Johns Hopkins Center for Health Security Fellow and Infectious Disease Physician, says there will be a resurgence in the number of coronavirus cases if businesses open too soon.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com and of course |
| 0:56.1 | on the Bloomberg. |
| 0:57.1 | Let's focus on the economics. A huge effort coming from the monetary policy side and the |
| 1:02.1 | fiscal side as well. |
| 1:03.6 | Foning it, I'm pleased to say, |
| 1:05.0 | is Catherine Mann, City Global Chief Economist. |
| 1:07.6 | Catherine, this is about speed now. |
| 1:10.2 | How quickly can this bill get to the president's desk and how quickly can that bill turn into real capital that gets injected into this economy? |
| 1:17.5 | Are you hopeful we can do a lot of that quickly? |
| 1:20.5 | Well, I think we can get the bills to the desk and so forth and it can get signed, but it is really about getting the financing out to the part of the economy that is desperately in need of it. |
| 1:31.0 | You know, there's 50% of the economy that doesn't borrow through |
| 1:36.9 | bonds or through equities and it's 50% of the economy both the businesses and |
| 1:41.0 | the workers those are the parts that I really worry about |
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