Bloomberg Surveillance Bloomberg Surveillance TV: April 17, 2025
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Apr 17, 2025 
Mohamed El-Erian, President of Queens' College, Cambridge, and Lauren Goodwin, Chief Market Strategist at New York Life, dive deep into the outlook for stocks and the U.S. economy. They discuss the signals from the bond market and potential impacts of President Trump's tariff negotiations. El-Erian highlights the delicate balance between growth and inflation while Goodwin shares insights on investor confidence amid rising interest rates. Together, they navigate the complexities of economic integration and its effects on market strategies.
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Trump's Fed Criticism Impact
- President Trump's comment on "Powell's termination" reflects his frustration with the Fed's reluctance to cut rates.
- El-Erian suggests this could pressure Powell to consider stepping down to protect the Fed's independence.
Powell Signals Persistent Inflation
- Fed Chair Powell warned tariffs pose a zero chance for improvement, signaling persistent inflation risks.
- This marks a shift toward acknowledging a tougher inflation challenge beyond previous "transitory" views.
Advanced Economies Face Structural Shift
- Advanced economies face structural economic challenges similar to developing countries, widening economic fluctuations.
- Managing downside risks is crucial to harness benefits like from AI in this shifting environment.