Surveillance: Recession Risk with Dudley (Podcast)
Bloomberg Surveillance
00:00
Is a Strong Dollar a Trigger for the Fed?
The yen weakens to the weakest levels we've seen versus the dollar since 19 98, and people are starting to get concerned about deteriorating liquidity in certain bond markets. I think the biggest areo tress, frankly, as combing low, moderate income countries who are hurt by one a stronger dollar, higher grain prices and higher energy prices. For poorer countries, grain and energy is a pretty significant portion of the household consumption basket. So i expect a lot of sovereign debt problems the hure to thats can just be more problematic for the global tomy.
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