With Bloomberg you get the story behind the story, the story behind the global birth rate,

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics finance investment and international relations

find Bloomberg surveillance on Apple Podcasts soundcloud bloomer.com and of course on the

Bloomberg. For our audience worldwide, live from London and New York,

joining us now on Bloomberg Television and Radio, I'm pleased to say

is the Cleveland Fed President Loretta Mesta,

and of course my good colleague and friend Bloomberg International Economics and Policy Correspondent Michael McKee

President Meester fantastic to have you with us again on this program. We've appreciated your time through much of 2020 as this economy and this recovery has continued. There is a real worry as we go deeper

into winter about what happens with the momentum that we built up through the summer.

Let's just start there.

President Meister, what do you see and where do you see desaloration that

concerns you right now? Well, there's no doubt about it that he said it well. There

was a lot of momentum. In fact, the economy had come back stronger in the third quarter than many of us had thought it would.

The economy just proved to be more resilient than we had thought.

Despair across sectors, certainly some sectors that really need that face-to-face kind of

commerce are not doing well at all.

Other sectors are back to their pre-pandemic levels

or even beyond.

I'm thinking autos, I'm thinking housing.

So that disparity is troubling.

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