Surveillance: Fed Outlook with Hatzius
Bloomberg Surveillance
00:00
The Pernicious Effect of a Slow Burn on the Economy
So far what we've seen in these surveys has been less pronounced, there's been less of a tightening that we expected than we expected. And now the question is: Is it just delayed? Or are we just seeing a smaller impact? I think that's a little bit too early to tell, also because obviously some of these banking issues are not yet resolved. So the last chapter probably hasn't been written yet. But right now we're still estimating that 40 basis points.
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