Surveillance Special: Fed Speak in Jackson Hole
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 August 2018
⏱️ 46 minutes
🧾️ Download transcript
Summary
We bring you a Bloomberg Surveillance Special from the Grand Tetons in Jackson Hole, Wyoming. Michael McKee, Bloomberg News International Economics & Policy Correspondent, interviews three Fed Presidents at the annual Economic Symposium. James Bullard, St. Louis Fed President, says the Fed is very close to neutral rates. On the contrary, Loretta Mester, Cleveland Fed President, says gradual interest-rate increases should continue. Robert Kaplan, Dallas Fed President, agrees with Mester, he encourages the Fed 'to keep moving.' And we include final perspective from Frederic Mishkin, a former member of the Board of Governors of the Federal Reserve System.
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Transcript
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
| 0:15.5 | I'm going to explore the lessons we can learn when creativity and ambition collide |
| 0:20.7 | with competition and power. |
| 0:23.0 | Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts, |
| 0:28.0 | or wherever you get your podcasts. 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, and international |
| 0:48.9 | relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg Jackson Hole with all of these |
| 1:08.7 | interviews coming up from Mester Kaplan, from Bostick of Atlanta Atlanta and here now is our Michael McKee with the |
| 1:15.8 | Federal Reserve Bank of St. Louis Fed president. |
| 1:19.3 | Good morning and thank you very much we'd like to welcome everybody listening to us on |
| 1:23.1 | Bloomberg television around the world and we'd like to welcome Jim Bullard and |
| 1:27.5 | thank you for getting up so early to join us. Sure, thanks for having me. It's 40 |
| 1:31.0 | degrees. You're from Minnesota so you have to pretend you like it, but it's a normal thing. |
| 1:37.1 | Look, a lot of Wall Street focused today on the Chairman's speech. |
| 1:40.7 | The minutes suggested that the Fed is locked in for September. |
| 1:45.0 | So even if you disagree with that rate path, is there any reason to think that he's going to say anything market moving today? |
| 1:52.0 | I'm sure the chair will be very careful. I've |
| 1:55.1 | not seen the speech but he'll do a good job. He always does. He's always very |
| 1:59.7 | very serious. You don't get the impression there's any kind of change a foot |
| 2:04.2 | for the open market committee and the right path that they're on. Well the markets are |
... |
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