Surveillance: Golden Era with Zelter
Bloomberg Surveillance
00:00
Is Jerome Powell the Central Banker to the World?
Bear Stearns literally, in my opinion, invented EM coverage on Wall Street. Emerging markets do very poorly in a Federal Reserve hiking cycle with the dollar appreciating in value. And I think, Tom and Lisa, that's why we've seen emerging markets be the new darling year to date. Precisely because it seems the Fed is maybe going to stop pretty soon.
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