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Bloomberg Surveillance

Fed's Lays Out Path Forward amid Uncertain Trump Policies

Mar 20, 2025
Julian Emanuel, Chief Equity and Quantitative Strategist at Evercore ISI, discusses the Federal Reserve's latest meeting and praises Jay Powell's handling of growth concerns and tariffs. He emphasizes Powell's view of inflation from tariffs as 'transitory' and anticipates two rate cuts this year. The conversation delves into the complexities of current economic policies, the impact on gold prices due to anticipated slower growth, and the uncertainty surrounding President Trump's tariff decisions, which add to investor apprehension.
37:31

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Chair Jay Powell's performance at the Fed meeting reassured investors about growth, despite uncertainties from Trump's evolving tariff policies.
  • Gold's unprecedented rise reflects broader economic concerns, emphasizing the influence of Federal Reserve projections on inflation and growth expectations.

Deep dives

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