The Latest on the Fed and Gold
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 October 2025
⏱️ 47 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyOctober 13th, 2025
Featuring:
1) Rich Clarida, Global Economic Advisor at PIMCO and former Fed Vice Chair, joins for an extended discussion on the US economy, market rally, and gold. Gold surged above $4,000 an ounce, with its 53% gain this year putting the traditional safe haven on course for its strongest annual advance since 1979.
2) Jane Foley, Head of FX Strategy at Rabobank, talks about gold topping $4,000 and how it's affecting FX trades.
3) Neil Shearing, Group Chief Economist at Capital Economics, discusses the global effects of tariffs and how economies are pricing in protectionism. Concerns have been growing that $16 trillion surge in the S&P 500 from its April lows had gone too far. Tuesday’s drop came amid mounting chatter about lofty valuations around artificial intelligence, with some market participants seeing an echo of the excesses that led to the dot-com crash 25 years ago.
4) Suzy Welch, professor at NYU Stern School of Business, joins to talk about her essay on Gen Z, their values, and whether they are employable.
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Transcript
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| 0:00.0 | There are two kinds of people in the world. |
| 0:01.8 | People who think about climate change and people who are doing something about it. |
| 0:06.1 | On the Zero podcast, we talk to both kinds of people. |
| 0:09.1 | People you've heard of, like Bill Gates. |
| 0:11.0 | I'm looking at what the world has to do to get to zero, not using climate as a moral crusade. |
| 0:17.5 | And the creative minds you haven't heard of yet. |
| 0:19.7 | It is serious stuff, but never doom and gloom. |
| 0:22.9 | I am Akshadratti. |
| 0:24.2 | Listen to Zero every Thursday from Bloomberg Podcasts on Apple, Spotify, or anywhere else you get your podcasts. |
| 0:32.5 | Bloomberg Audio Studios, Podcasts, Radio News. |
| 0:42.2 | Music Audio Studios. Podcasts, Radio, News. This is the Bloomberg Surveillance Podcast. |
| 0:45.4 | Catch us live weekdays at 7 a.m. Eastern on Apple, CarPlay or Android Auto with the Bloomberg Business app. |
| 0:52.4 | Listen on demand wherever you get your podcasts or watch us live on YouTube. |
| 0:57.3 | Joining us now, wasting too much time. |
| 0:59.2 | I'm sorry, folks. |
| 1:00.5 | Richard Claredo, Columbia University of Pimco, and of course the former vice chairman of the Fed. |
| 1:07.9 | Professor Claredo, we're thrilled to have you in today. |
| 1:10.6 | Can I go nerd for a moment? |
| 1:11.6 | Sure. |
| 1:12.6 | Okay, I never talk about the Nobel Prize in economics. It's like bad luck, and I'm not doing that |
| 1:17.6 | with somebody qualified to get the call from Scandinavia. But I want to go back, this is really important, |
| 1:23.6 | Richard Claredo. There can be, like, in 1980, I've had the honor of talking to Joe Stiglitz about Grossman |
... |
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