No Chance Fed Raises Rates for Next 1-2 Years: Pimco’s Kiesel

Aug.11 — Mark Kiesel, global credit chief investment officer at Pacific Investment Management Co. (Pimco), says the Federal Reserve won’t raise interest rates for at least two years. He speaks during an interview with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.”

Oaktree’s Marks Says U.S. Could Be in Depression Without Fed

Aug.06 — Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, warns the Federal Reserve and U.S. Treasury can’t keep stimulating the economy forever. He speaks with Bloomberg’s Erik Schatzker on “Bloomberg Markets.”

U.S. Needs Expedited Bankruptcy Process to Aid Recovery, Kroszner Says

Aug.06 — Randall Kroszner, deputy dean at the University of Chicago Booth School of Business and former Federal Reserve governor, says an expedited U.S. bankruptcy procedure would put distressed firms in a “better position both for the workers who can remain and for the the holders of the debt.” He speaks on “Bloomberg Markets.”

Fed’s Kaplan Says Unemployment Extension Needed for Growth

Aug.03 — Federal Reserve Bank of Dallas President Robert Kaplan sees a “muted” economic rebound underway and says a continuation of some form of extra unemployment benefits would bolster economic growth. He speaks during an interview with Bloomberg’s Mike McKee on “Bloomberg Surveillance.”

Summers Says U.S. on Stimulus High

Jul.31 — Larry Summers, former U.S. Treasury Secretary, warns that the U.S. will suffer terrible withdrawal symptoms when stimulus measures run out. He worries about the Federal Reserve’s intervention in corporate bond markets. He is a “Bloomberg Wall Street Week” special contributor and joins David Westin exclusively.

SocGen’s Jukes: Sit Back, Beware Volatility Supporting Dollar

Jul.30 — Jerome Powell “did nothing to make you buy” the dollar, says Kit Juckes, chief FX strategist at Societe Generale, as he examines how the latest Federal Reserve rate decision and the potential for negative interest rates may impact the U.S. dollar. He speaks on “Bloomberg Surveillance.”

U.S. Fed chief: Economy “well below” pre-pandemic levels

The U.S. Federal Reserve sees a gloomy economic outlook as the coronavirus continues to spread. It says economic activity in the country is still “well below” pre-pandemic levels and interest rates will remain unchanged ​at near zero levels. Giles Gibson has more from Washington. Subscribe to us on YouTube: Download our APP on Apple … Read more U.S. Fed chief: Economy “well below” pre-pandemic levels

Fed Sees Dim Outlook as Coronavirus Squeezes U.S. Economy

The Federal Reserve expressed concern Wednesday that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero. In a statement at the end of its policy-making meeting Wednesday, the Fed acknowledged that the economy … Read more Fed Sees Dim Outlook as Coronavirus Squeezes U.S. Economy

Powell: Virus resurgence harming recovery

Federal Reserve Chairman Jerome Powell on Wednesday repeated his pledge to use a “full range of tools” to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak, saying the economic path will depend significantly on the course of the … Read more Powell: Virus resurgence harming recovery