Surveillance: Levitt on Fed's path forward
Bloomberg Surveillance
The Bank of England's Inflation Strategy
Inflation is proving remarkably sticky and this is such a difficult position for the Bank of England. New mortgages here are higher but not existing because we're all 30-year fixed. In the UK, people with existing mortgage payments, in some cases, have trebled. The answer is it's not going to be pretty. When you speak to someone expert on this, also on macro strategy of North America at State Street. Lee Farris joins us this morning.
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