Bloomberg Surveillance

Bloomberg Surveillance TV: April 22, 2025

Apr 22, 2025

Krishna Guha, Vice Chairman at Evercore ISI, shares his insights on the rocky outlook for US markets and the economy. Rob Sockin, Director of Research at Citi, highlights the risks stemming from President Trump's tariff policies and the potential fallout if Fed Chair Jay Powell is fired. These discussions explore how political maneuvers could destabilize economic confidence, impact Fed independence, and reshape trade dynamics amidst ongoing tensions that are steering the global economy.

25:14

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Episode guests

Rob Sockin

Krishna Guha

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Quick takeaways

The podcast highlights concerns regarding the potential undermining of Fed independence, which may negatively influence market stability and inflation expectations.

Experts predict a significant decline in global growth to 2.1% by 2025, exacerbated by ongoing trade tensions and uncertainties surrounding tariffs.

Deep dives

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Intro

2min

Monetary Policy Under Pressure

6min

Trade Policy and Fiscal Challenges

5min

Navigating Trade Turbulence

8min

Shifting Powers: Congress and the Presidency

4min

Political Pressures and the Fed's Independence

3min

Monetary Policy Independence and Political Influence

3min

- Krishna Guha, Vice Chariman at Evercore ISI
- Rob Sockin, Director: Research at Citi
- Bill Dudley, Bloomberg Opinion columnist and former NY Fed President
- Alex Nowrasteh, VP: Economic & Social Policy Studies at The Cato Institute

Krishna Guha, Vice Chariman at Evercore ISI, offers his outlook for markets and the US economy amid a brutal April for markets. Rob Sockin, Director: Research at Citi, discusses the risks to markets both from President Trump's tariff policy and should the president fire Fed Chair Jay Powell. Bill Dudley, Bloomberg Opinion columnist and former NY Fed President, discusses Fed independence, tariffs, and the outlook for the US economy. Alex Nowrasteh, VP: Economic & Social Policy Studies at The Cato Institute, talks about the future of Fed independence and Chair Jay Powell.

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