Surveillance: Fed Expectations with Hatzius
Bloomberg Surveillance
00:00
I Think the Problem Isn't for Europe, but for the Broader Economy?
i think the situation is the reverse of what we experienced in the 19 seventies, where the reserve chairman at the time, paul vulker, came back from an i m f meeting and was forced to change monetary policy abruptly. We can't fix its problem for them. The multy nationals are going to have a problem, aren't they? But that's a corporate profit story. What it means for the broader economy? Steve, isn't that the bigger difference right now the transatlantic divide is that the us. May be able to take some very, very small amount of comfort from this idea we might have seen pek year over year inflation for europe and the u.
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