Surveillance: Fed's Virus Response With Warsh

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.8 • 1.2K Ratings

🗓️ 17 June 2020

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kevin Warsh, Former Federal Reserve Governor, says the Fed acted with overwhelming force to shelter the U.S. economy from Covid-19. Richard Haass, CFR President, says American alliances may not survive a two-term Trump presidency. Edward Morse, Citigroup Global Head of Commodity Research, says supply actions will continue to dominate the oil market. Julia Coronado, Macropolicy Perspectives Founder, says the Fed's forecast of 10% unemployment by year's end is not unreasonable. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the rate of change in equity markets will continue to be positive for the rest of the year. Barry Eichengreen, University of California Berkeley Professor, Barry Eichengreen, University of California Berkeley Professor, discuses “the political scar of epidemics."

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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 Apple Podcast, SoundCloud,
0:53.8	Bloomberg.com, and of course, on the Bloomberg.
0:57.2	Well, we all know him now.
0:58.3	Kevin Walsh joins us now, the former Fed Governor, Kevin,
1:01.0	always great to catch up with you, sir. I just want to go back to
1:03.5	February and start there if we can. The Fed can't wait to respond to the
1:07.2	coronavirus. That was you in the Wall Street Journal in late February I
1:10.9	think pretty much every single one of us on this program agreed with you.
1:14.6	Now the conversation has switched almost 180.
1:17.3	Has the Fed stepped in too far?
1:19.4	Has the Fed done too much?
1:21.2	Kevin, how do you respond to that now?
	...

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