Surveillance: Jobs Day Miss With Kashkari

Bloomberg Surveillance

Bloomberg

Investing, Business News, News, Business

3.8 • 1.2K Ratings

🗓️ 7 May 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Neel Kashkari, Federal Reserve Bank of Minneapolis President, says Friday's jobs number miss validates the Fed's outcome-based policy approach. Marty Walsh, U.S. Labor Secretary, says the U.S. economy still has a steep hill to climb. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the longer-run trajectory for the U.S. economy is still in place despite the jobs number miss. Jerome Schneider, PIMCO Head of Short-Term Portfolio Management, short-term benchmark rates will likely remain low well into 2023.

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0:00.0	What's on the horizon for financial markets?
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1:26.3	Mike, this has been a tremendous report, and luckily we get some information from Minneapolis, Fed President, I believe, you have him online.
1:37.5	Good morning, Neil.
1:38.8	Good morning, how are you?
1:40.0	Good. Neil Kashkari is the president of the Minneapolis Fed,
1:44.4	and he's joining us now on jobs day, and we thank you very much for doing it.
1:47.9	We're just been tied up here talking about this big surprise of a number.
	...

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