Surveillance: Fed's George Drops Hints at Jackson Hole
Bloomberg Surveillance
00:00
Is the Fed at Neutral?
No one knows for sure where neutral is. So i don't know specifically where it is. And i've been warning against spurious precision. We are changing liquidity regimes. What will be the shock of powell action to a more fragile emerging market? It's a high risk situation tom you have higher rates, so more uncertain market conditions. You have global economic growth slowing much faster than most people expected,. and you have a stronger dollar. Historically, that has not been a favorable mix for for emerging economies.
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