Trump Is Taking the Fed Chair Decision 'Very, Very Seriously,' Ross Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 October 2017
⏱️ 60 minutes
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Summary
U.S. Commerce Secretary Wilbur Ross says the Fed Chair is an important decision that President Trump is taking very, very seriously. Prior to that, Stephen Roach, a senior fellow at Yale University, says China has operated on the same principle of contradictions since the 1980s. Craig Moffett, senior research analyst at Moffettnathanson, says the wireless industry in the U.S. is shrinking partly because of T-Mobile. Senator Cory Gardner, a Republican from Colorado, says Colorado has grown to become a great 'software' state for tech. Steven Swartz, president and CEO of Hearst, says the magazine business is tougher now but his company has been around a long time and will be around for a lot longer. Finally, Virginia Governor Terence McAuliffe says the new Virginia economy is focused on jobs that aren't always related to technology.
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Transcript
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| 0:17.6 | And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg |
| 0:24.6 | dot com to get context. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 0:44.8 | Daily, we bring you insight from the best of economics, |
| 0:47.9 | finance, investment, and international relations. |
| 0:50.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:57.0 | on the Bloomberg. |
| 1:00.0 | Stephen Roach joins us now in our Bloomberg 1130 studios in the York. |
| 1:05.8 | He's up there with Tom. |
| 1:06.6 | He's a senior fellow at the Jackson Institute for Global Affairs at Yale University, |
| 1:09.6 | former chairman of Morgan Stanley Asia. And Steve, I suppose we should begin here by talking about the People's Congress, which as I said just concluded or is concluding in Beijing. |
| 1:18.8 | What did you hear over the course of this last week if you lent an ear to the full three and a half hours of |
| 1:23.4 | President she's a speech what did you glean from that what did you glean |
| 1:26.2 | from the the personnel announcements that we learned about throughout the week well |
| 1:30.4 | David there's a lot of discussion about the elevation of the role of Shijin Ping, who the next leader is going to be, who the composition of the top seven leaders in China are going to be I you know I |
| 1:47.6 | don't want to minimize any of that but but to, the most significant shift in the Party Congress really came from a |
| 2:00.5 | reworking and an updating of the ideological framework that underpins the entire |
| 2:07.7 | policy debate in China. |
| 2:10.6 | And it seems a bit obscure to Western observers, but I think this was a big deal. |
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