Surveillance: Virus Impact With Fed's Kaplan

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.8 • 1.2K Ratings

🗓️ 3 August 2020

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Kaplan, Federal Reserve Bank of Dallas President, says the U.S. unemployment rate will likely be above 9% if we don't do a better of managing the virus. Catherine Mann, Citi Global Chief Economist, says there will be a higher rise to inflation than markets are currently expecting. Ethan Harris, BofA Securities Head of Global Economic Research, says the size, speed and targeted nature of the next U.S. fiscal stimulus package are all of paramount importance. Leslie Vinjamuri, Chatham House Director of the U.S. and Americas Programme, says Democrats have a strong incentive to hold out on stimulus measures during the negotiating process with Republicans.

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0:00.0	On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference,
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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
0:56.2	the Bloomberg.
0:57.2	Good morning to Robert Kaplan.
0:58.9	He is the president of the Dallas Federal Reserve Bank and he joins us on
1:02.6	Bloomberg Radio and Television from there.
1:04.5	Good morning to you, sir.
1:06.3	Hi, Mike, good to see you.
1:07.2	We'd like to start by asking about what you're seeing
1:10.3	in your district.
1:11.1	You've been at the epicenter of the latest COVID surge in cases.
1:14.8	What's happening to the economy there now?
1:18.8	Probably around mid-June, the sharp rebound we were seeing started to moderate and started to stall.
1:28.9	That was coincident.
	...

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