Instant Reaction: Jay Powell on the Fed Decision

Instant Reaction: Jay Powell on the Fed Decision

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Treasuries extended losses after Federal Reserve Chair Jerome Powell said a December interest-rate cut was not set in stone, even after delivering a widely expected quarter-point reduction to prop up the labor market. The central bank reduced its benchmark lending rate to 3.75%-4% in its second straight cut — though two officials dissented.

“A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Powell said in the opening comments of his press conference. In their post-meeting statement, Fed policymakers on Wednesday repeated their assessment that “job gains have slowed” and said “risks to employment rose in recent months.”

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Bernstein: Obama spending cuts from non-defense, discretionary

Bernstein: Obama spending cuts from non-defense, discretionary

The Center on Budget and Policy Priorities' Jared Bernstein discusses spending cuts from President Obama on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener for priv...

2 Mars 20168min

Bernstein: Hillary Clinton disciplined in budget proposals

Bernstein: Hillary Clinton disciplined in budget proposals

The Center on Budget and Policy Priorities' Jared Bernstein says Hillary Clinton is disciplined in her budget proposals but will face a gridlocked congress. She speaks on Bloomberg Surveillance with T...

2 Mars 201612min

Sinche: dollar is near mid-point of long-term range

Sinche: dollar is near mid-point of long-term range

Amherst Pierpont's Bob Sinche says that the dollar's moves are being driven by the Fed's changing outlook. He joins Tom Keene and Michael McKee on Bloomberg Surveillance.See omnystudio.com/listener fo...

2 Mars 201611min

9am-10am ET: Chen, Elleithee, Hassett & Sinche

9am-10am ET: Chen, Elleithee, Hassett & Sinche

It's a special "Super Wednesday" edition of Bloomberg Surveillance. Tom Keene and Michael McKee are in DC to get perspective on the primaries from Rubio policy adviser Lanhee Chen, Georgetown's Mo Ell...

2 Mars 201642min

Hassett: candidates should prioritize boosting productivity

Hassett: candidates should prioritize boosting productivity

AEI's Kevin Hassett says U.S. presidential candidates need to focus on increasing the productivity of workers, to drive wage growth. He joins Tom Keene and Michael McKee on Bloomberg Surveillance.See ...

2 Mars 201611min

8am-9am ET: Bernstein, Maki & Cantrill

8am-9am ET: Bernstein, Maki & Cantrill

The Center on Budget and Policy Priorities' Jared Bernstein discusses Hillary Clinton's budget promises. Point72 Asset Management's Dean Maki weighs in on the likelihood of the Fed raising interest ra...

2 Mars 201642min

Elleithee: Trump will be tough to beat in the general election

Elleithee: Trump will be tough to beat in the general election

Georgetown's Mo Elleithee says Trump gets away with saying things that would destroy other candidates. He joins Tom Keene and Michael McKee on Bloomberg Surveillance.See omnystudio.com/listener for pr...

2 Mars 20168min

Chen: Voters looking to Rubio as an alternative to Trump

Chen: Voters looking to Rubio as an alternative to Trump

Rubio policy adviser Lanhee Chen says Trump would be a problematic president. He joins Tom Keene and Michael McKee on Bloomberg Surveillance.See omnystudio.com/listener for privacy information.

2 Mars 201612min

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