Instant Reaction: Jay Powell Talks Fed Policy

Jay Powell, the Federal Reserve Chair, shares insights on central bank policy in a lively discussion with Bloomberg hosts Tom Keene, Lisa Abramowicz, and Jonathan Ferro. They explore the recent surge in the S&P 500 and NASDAQ 100, and the potential for interest rate cuts. Powell delves into the psychological factors influencing Federal Reserve decisions, the implications of the inverted yield curve, and the bond market dynamics shaping economic outlooks. Humor mixes with analysis as they touch on key economic indicators and upcoming events.