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Bloomberg Surveillance

Surveillance: Trump Doesn't Impact Powell, Bremmer Says

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 15 April 2019

⏱️ 33 minutes

🧾️ Download transcript

Summary

Ian Bremmer, Eurasia Group President, says Fed Chairman Powell is a "capable, qualified and independent" chief. Fred Cannon, KBW Global Director of Research, will focus on net interest margins during this bank earnings season. Sonali Basak, Bloomberg Banking Reporter, talks banking and IPOs. Diane Swonk, Grant Thorton Chief Economist, says the Federal Reserve Board hasn't always been as strong as it is now. 

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0:00.0

On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference,

0:05.2

Bloomberg Green will convene the foremost leaders in business, finance, policy, academia,

0:10.3

and NGOs for candid conversations focused on creating solutions to support

0:14.9

the goals set forth at COP28. Join our community of global influencers and

0:19.5

problem solvers in Dubai to build connections, inspire innovation, and challenge the status quo in the

0:25.1

battle against climate change. Register at Bloomberg Live. I'm Tom Keene.

0:43.5

Daily, we bring you insight from the best

0:45.9

in economics, finance, investment,

0:48.1

and international relations.

0:49.8

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the

0:56.4

Bloomberg.

0:57.4

So another tweet, another takedown of the Federal Reserve, the President saying if the

1:05.0

Fed had done its job properly, which it has not, the stock market would have been

1:08.4

up 5,000 to 10,000 additional points.

1:11.8

Quasitive tightening was a killer.

1:14.1

We should have done the exact opposite.

1:16.7

To weigh in a man that doesn't need much of an introduction,

1:19.0

it's Ian Brahma, Eurasia Group, President.

1:21.2

Ian, great to see you.

1:22.6

Let's just talk about the independence of the Federal Reserve

1:26.4

and to what extent that's been damaged at the moment.

1:29.3

There's no question that Trump's tweets are undermining the way we think about the Fed, but Jay Powell is very

...

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