Bloomberg
Powell Says Fed Has to Let Rise in Yields Play Out
Federal Reserve Chair Jerome Powell says US fiscal policy is on an unsustainable path during an interview with David Westin at the Economic Club of New York.
Follow Bloomberg for business news & analysis, up-to-the-minute market data,...
Bloomberg
Shaoul: US Will Need Yield-Curve Control
Michael Shaoul of Marketfield Asset Management sees some sort of yield curve control being brought into the US. "At the end of the day, financial stability is the unspoken mandate of the Federal Reserve."
Bloomberg
The Federal Deficit (Debate) Is Out of Control
Too much federal spending is at the core of what Congress is fighting over. It's one of the main arguments conservative Republicans used when the government almost shut down in September and for ousting Kevin McCarthy as Speaker.
But...
Bloomberg
We Have an Energizer Bunny Econoomy: Summers
Lawrence H. Summers, Former US Treasury Secretary discusses interest rates and the unsustainable path of fiscal policy at IMF. He speaks with David Westin on "Wall Street Week Daily."
Follow Bloomberg for business news & analysis,...
Bloomberg
UK's Hunt Says Government Doesn't Have Headroom to Cut Taxes
UK Chancellor of the Exchequer Jeremy Hunt says the government can't afford to cut taxes at the moment. "We don't have that headroom because, in fact, since the Spring budget, our debt interest payments have gone up because the markets...
Bloomberg
Former Dallas Federal Reserve Chief Kaplan Expects 'Pause' Next Week
"We'll see a pause next week. However, the economy is resilient heavily because of fiscal spending. Unspent American Rescue Act funds the Inflation Reduction Act, the Infrastructure Act. And because of that, the Fed is going to need to...
Bloomberg
Chinese Yuan to Depreciate Against Dollar Gradually, Saxo Says
Redmond Wong, market strategist for Greater China at Saxo, discusses the outlook for the Chinese economy, the government's efforts to support growth, and the implications for financial markets. He speaks with David Ingles and Yvonne Man...
Bloomberg
Japan Ahead: Credit Agricole Chief Japan Economist
Takuji Aida, Chief Japan Economist at Credit Agricole, discusses how the weaker yen has helped Japan's economy and acted as "reverse Plaza Accord". He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia."
Bloomberg
Nomura's Subbaraman: Getting Worried About China's Banks
"It's not clear to us that these piecemeal policy measures are really enough to revive the economy." Rob Subbaraman, head of global macro research at Nomura, discusses China's policy support for the economy and where he's seeing bright...
Bloomberg
SEB's Victorina on Future Fed Rate Rises
Eugenia Victorino, Head of Asia Strategy at SEB, discusses her global markets outlook. She speaks with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Middle East and Africa".
Bloomberg
Bank of Thailand Getting Closer on Where it Wants to Be on Rates: Governor
Bank of Thailand Governor Sethaput Suthiwartnarueput says the central bank is getting closer to where it wants to be on interest rates. Sethaput also says he's on watch for policy indications from the new government. He spoke exclusively...
Bloomberg
China Might Need 'Helicopter Money' Stimulus, Says Morgan Stanley's Shalett
Morgan Stanley Wealth Management CIO Lisa Shalett says China's reliance on monetary policy to boost growth has been ineffective, and suggests policymakers distribute money to businesses and households instead. "What's needed here is some...
Bloomberg
Kroszner on Inflation, The Economy, Mortgage Rates
Former Federal Reserve Governor, Randall Kroszner, gives his insight on the decline in inflation and whether fiscal or monetary policy can be attributed to it. Kroszner also talks about why expenses are still high for most Americans,...
Bloomberg
China Will Have to Put More Fiscal Policy to Work: Leong
"China will have to put more fiscal policy to work." Lin Jing Leong, senior EM Asia sovereign analyst, fixed income research at Columbia Threadneedle, discusses China's economy, the yuan and the risk of inflation. She speaks on Bloomberg...
Bloomberg
China in Year of 'Middling Recovery': China Beige Book
Shehzad Qazi, managing director at China Beige Book International, discuses the state of the world's second-largest economy, its outlook and the government's efforts to support growth. China is seeking to boost consumption but the...
Bloomberg
Top China Housing Official Urges Fresh Real Estate Rescue Effort
China's top housing official wants to strengthen efforts to revive the country's ailing property sector. Chang Shu reports on Bloomberg Television.
Bloomberg
Chinese Investors Are in a Waiting Game: BNP Paribas
"It's a bit of a waiting game for Chinese investors." Siddharth Mathur, head of APAC macro strategy and EM research at BNP Paribas, discusses China's market rally, the stimulus measures announced during the Politburo meeting and PBOC...
Bloomberg
Making Sense of China's Economy
Betty Wang, senior China economist at ANZ, discusses the moves in the yuan, China's GDP and her outlook for the economy. She speaks on Bloomberg Television.
Bloomberg
China Steps Up Yuan Support
The yuan jumped after China stepped up its support for the managed currency with a stronger-than-expected reference rate and a change to its capital curbs to lure inflows. David Finnerty reports on Bloomberg Television.
Bloomberg
EU's Gentiloni on Fiscal Rules, Inflation, Economy
European Union Economy Commissioner Paolo Gentiloni discusses German demands for a review of the bloc's fiscal rules. He also comments on inflation and the economy in an interview with Bloomberg's Haslinda Amin on the sidelines of the...
Bloomberg
Westpac's Evans on RBA's Incoming Governor
Australia's Treasurer has announced that Michele Bullock will be the new Reserve Bank of Australia Governor when incumbent Philip Lowe's term expires in September. Bill Evans, Westpac's chief economist, discusses what the appointment may...
Bloomberg
Taking Longer for Monetary Policy To Take Effect: OECD's Lombardelli
The OECD Chief economist argued that despite the unpopularity of monetary tightening, it's still necessary at the moment as long as core inflation remains persistent. Clare Lombardelli also explains why in this cycle it is taking longer...
Bloomberg
China's Li Says Recovery at Critical Stage
China Premier Li Qianq pledged to "spare no time" in implementing a batch of targeted policies to strengthen the economy's recovery from the pandemic. Jill Disis reports on Bloomberg Television.
Bloomberg
Donohoe: Narrow Path To Support Economy, Fight Inflation
There is a "narrow path" between supporting the economy and tackling inflation, according to Eurogroup President Paschal Donohoe. Donohoe said he's confident of striking the right balance for the European economy and also stated his...