Bloomberg Surveillance Bloomberg Surveillance TV: January 28th, 2026
Jan 28, 2026
Tobin Marcus, Wolfe Research policy chief, on White House-Fed dynamics and geopolitical risk. David Rubenstein, Carlyle co-founder, recalls Davos, CEO sentiment and how politics shapes business confidence. Priya Misra, JPMorgan portfolio manager, on Fed stance, rate-cut timing, Treasury demand and duration as a hedge. Short, punchy takes on central bank choices, markets and geopolitical tensions.
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Fed Chair Is One Vote In A Divided Fed
- The Fed is a divided committee and the chair is only one vote among many.
- Priya Misra says consensus matters but policy is now near neutral so data will drive decisions.
Watch Data Before Pricing Rate Cuts
- Watch incoming inflation and labor data before assuming more cuts.
- Priya Misra's base case is no cuts in first half and possible cuts second half if inflation continues down.
Politics May Shape Appointments, Not Policy
- Political drama around the chair may influence appointments but not immediate policy.
- Misra expects the Fed will keep focusing on data and mandate despite politics.