Bloomberg Surveillance Bloomberg Surveillance TV: January 13th, 2026
Jan 13, 2026
In this discussion, Patrick McHenry, a former Republican congressman from North Carolina, shares insights on political pressures facing the Federal Reserve and the importance of Fed leadership's relationships on Capitol Hill. Nouriel Roubini, a prominent macroeconomist, explores the potential productivity boost from AI while assessing geopolitical risks and their limited economic impact. Tiffany Wilding, a managing director at PIMCO, delves into the complexities of inflation drivers and the Fed's possible dovish stance as rates are reevaluated.
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Fed Briefing Book Matters More Than The Chair
- Rep Patrick McHenry says the Fed chair's briefing book is the real focus, not the chair's testimony.
- He argues Fed chairs invest political capital to build Hill relationships that matter in crises.
Extended Fed Tenure Sends A Political Signal
- Rep Patrick McHenry says staying on the Fed board past a chair term signals pushback to the White House.
- He suggests such moves would warn the White House about future nominees facing tougher scrutiny.
Multiple Technologies Could Lift US Growth
- Nouriel Roubini sees AI as one of ~15 converging technologies driving a productivity surge.
- He estimates US potential growth could rise from ~1.8% to as high as 4% by 2030 due to these tech gains.