Surveillance: Richard Clarida Is Ideal for Fed, Crescenzi Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 27 December 2017
⏱️ 35 minutes
🧾️ Download transcript
Summary
Tony Crescenzi, PIMCO Portfolio Manager, says anyone appointed to the Fed should be great at communication. David Burton, Heritage Foundation’s Senior Fellow in Economic Policy, says the tax legislation is a shadow of what it should have been. Kevin Cummins, Natwest Senior Economist, says the Fed rate hike pace won't be a threat to economic activity. RJ Gallo, Federated Investors Senior Portfolio Manager and Head of Duration Committee, says tax cuts don't pay for themselves.
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| 0:00.0 | There's so much news happening around the world that we're somehow supposed to stay on top of. |
| 0:05.5 | That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart |
| 0:11.4 | Radio that turns down the volume a bit to give you some space to think. |
| 0:16.5 | I'm Wes Kossova. |
| 0:18.0 | Each weekday I dig into one important story and talk about why it matters. |
| 0:23.7 | Listen to the big take on the I Heart Radio app, |
| 0:26.6 | Apple Podcasts, we bring you insights. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.4 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:47.8 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Apple Podcast, SoundCloud, |
| 0:53.8 | Bloomberg.com, and of course, on the Bloomberg. |
| 0:58.7 | Well, Tony Kraseni joins us here in our studio and Tony great to have you with us |
| 1:07.0 | Happy Holidays and all those great things you know one of the things I like about your notes is you say barring a zombie |
| 1:13.1 | apocalypse or a spontaneous collapse in asset prices that's a lot of you know if this |
| 1:20.9 | doesn't happen this won't happen but I'm wondering what would a |
| 1:24.0 | zombie apocalypse look like to Tony Krasenzie well this note was the product of |
| 1:29.8 | Pimko's quarterly cyclical forum where we look at the global economy a year forward and try to devise |
| 1:36.0 | an investment strategy and Jocum-Feels was the lead author to that. |
| 1:41.0 | So the zombie apocalypse of course would be probably well a few things one would be an |
| 1:45.6 | inflation breakout which would cause a federal reserve to increase its interest rate |
| 1:49.7 | substantially and change the climate for investors substantially. |
| 1:53.7 | Think about the stock market, it probably would be upset by it and so would the |
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