Surveillance: Fed Won't Go Negative, Rajan Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 30 July 2020
⏱️ 24 minutes
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Summary
Raghuram Rajan, University of Chicago Booth School Professor and Former Reserve Bank of India Governor, says the Fed will be as supportive as possible but will resist negative interest rates. Michelle Meyer, BofA Securities Head of U.S. Economics, says the leisure and hospitality sector has been one of the hardest hit industries as a result of the pandemic. David Kelly, JPMorgan Asset Management Chief Global Strategist, says the U.S. unemployment rate will be greater than 10% heading into 2021. Arun Sundararajan, NYU Stern School of Business Professor, says the real solution in regards to the tech industry will be self-regulation.
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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. |
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| 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, on the |
| 0:56.4 | Bloomberg. |
| 0:57.4 | Driving forward the conversation right now for us as we spoke with Kenneth Rogoff this morning of Harvard University on an important group of 30 study of digital currencies. |
| 1:08.0 | We're going to touch on that quickly here with Rogan of Chicago, group of 30 working group co-chair, former. with R |
| 1:15.0 | Ragham Rajan of Chicago, group co-chair, former Indian governor, RBI governor of their central bank as well. |
| 1:18.0 | Ragha, wonderful to have you with us today. |
| 1:21.0 | What is the distinction of your study? What does it drive forward |
| 1:24.8 | about how technology is changing money? Well this is the digital currencies are a revolution, right? |
| 1:36.0 | For the first time in 300 years, we can replace cash |
| 1:41.5 | with something digital. |
| 1:42.8 | Now we've already replaced bank accounts, we have digital bank accounts, but think of everything |
| 1:49.4 | going digital and what |
| 1:54.2 | challenges if for example the government issues this digital currency the amount of data it's going to |
... |
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