The Russians Are Hunkering Down, They're Trying to Survive

 Raphael Bostic, Atlanta Fed President, says there is no need for a hike greater than 50 basis point. Wally Adeyemo, U.S. Deputy Secretary of the Treasury, says Russia's actions are a key contributor to energy and food price increases. George Saravelos, Deutsche Bank Global FX Research Head, says the market is too pessimistic on the euro. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says markets have been too aggressive on the speed of Fed hikes in the short-term. Cynthia Hooper, College of the Holy Cross Director of Russian and Eastern European Studies, discusses Vladimir Putin's Victory Day speech.

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