Jay Bryson discusses the challenge of getting back to 2% inflation. David Kelly sees inflation coming down. Elliot Ackerman talks about the Israel-Hamas war. Michael Shaoul predicts yield curve control in the US. Sheila Kahyaoglu discusses Delta earnings.

Jay Bryson, Wells Fargo Chief Economist, still sees the Fed hiking by 25 basis points in May following the March CPI print. Jeff Rosenberg, BlackRock Systematic Multi-Strategy Fund Portfolio Manager, says the direction of the banking crisis is "clear" but "the magnitude is not." Adam Posen, Peterson Institute for International Economics President & former BOE Monetary Policy Committee member, discusses the problems with subsidies in global trade. Tim Adams, Institute of International Finance President and CEO & former Under Secretary of Treasury for International Affairs, says this isn't a banking crisis. Mark Kimmitt, former US Assistant Secretary of State for Political-Military Affairs & Retired Brigadier General, discusses the leak of classified documents. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Evan Brown, a portfolio manager at UBS, believes the Fed is likely to continue cutting rates, while Kelsey Berro from JPMorgan argues there's justification for a more aggressive 100 to 150 basis point cut due to decreasing inflation. Jay Bryson, chief economist at Wells Fargo, highlights a 30% to 35% risk of recession within the next year, especially in light of rising jobless claims. They dive into the implications of fiscal stimulus in China, the labor market's current state, and varying investment strategies for an uncertain economic future.

In this engaging discussion, Kate El-Hillow, Co-President of Russell Investments, emphasizes the ongoing search for market stability amidst volatility. Ed Al-Hussainy from Columbia Threadneedle explores the unpredictable outcomes of the Fed's interest rate plans. Jay Bryson, Chief Economist at Wells Fargo, reacts to recent employment data, highlighting implications for economic health. Shaun Donovan, former HUD Secretary, delves into the urgent housing affordability crisis, advocating for balanced policies to tackle the pressing supply and cost challenges.

Erin Browne of PIMCO warns of market impact from Nvidia earnings. Jay Bryson and Adam Posen discuss the consumer state, elections, and Fed's direction. Jennifer Flitton reacts to poll showing Biden closing in swing states, also covering interest rate expectations, inflation trends, economic predictions, and White House policy options.