Bloomberg Surveillance Bloomberg Surveillance TV: August 27th, 2025
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Aug 28, 2025 Kate Kalutkiewicz, Trade Practice Lead at McLarty Associates, shares her expertise on the evolving trade relations between the U.S. and India amid geopolitical tensions, such as the Russia-Ukraine conflict. She discusses the impact of rising tariffs and stalled negotiations on international economic strategies. Additionally, the conversation highlights the balance between Fed independence and political pressures, shedding light on how these factors shape market dynamics and investor trust. Tune in for a deep dive into critical trade and economic insights!
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Institutional Norms Underpin Dollar Dominance
- Eswar Prasad argues that U.S. institutional strengths like checks and balances, rule of law, and Fed independence underpin dollar dominance.
- He warns that attacks on those norms, even without full legal proof, degrade global trust in U.S. financial supremacy.
Operational Independence Is What Matters
- Prasad emphasizes operational independence of the Fed as crucial for credibility and effectiveness.
- He notes political pressure that privileges loyalty over technocratic competence undermines those norms.
Let Evidence Guide Removals
- Allow due process and evidence to play out before acting on allegations against officials.
- Prasad implies the White House should avoid summary removals and let investigations and facts determine outcomes.