Bloomberg Surveillance

Former Vice Chair of the Federal Reserve, Richard Clarida and TD Securities Global Head of Rates Strategy, Priya Misra discuss the latest on the Fed decision with Bloomberg's Jonathan Ferro and Lisa Abramowicz. See omnystudio.com/listener for privacy information.

Bob Michele, JPMorgan Asset Management Head of Fixed income, says the Fed achieved the "maximum pressure" they need to bring down inflation. Alicia Levine, BNY Mellon Wealth Management Head of Equities and Capital Markets Advisory, says Powell's credibility is still intact. Jonathan Pingle, UBS Chief Economist, expects the Fed to hike by 25 basis points at Wednesday's meeting. Betsy Duke, Former Wells Fargo Chair & Former Fed Governor, says Powell's credibility is his most important asset. David Malpass, World Bank President, says a global recession is not off the table.  See omnystudio.com/listener for privacy information.

Lindsay Rosner, PGIM Fixed Income Portfolio Manager, says she'd like to see the Fed pause. Christian Mueller-Glissmann, Goldman Sachs Managing Director for Portfolio Strategy, says the Fed and ECB are not done yet with their hiking cycles. Dean Maki, Point 72 Chief US Economist, says recent data doesn't show much slowing in the US. Ellen Wald, Atlantic Council Senior Fellow & Author "Saudi Inc.", says she is concerned with oil demand. Dan Greenhaus, Solus Alternative Asset Management Chief Strategist, says the Fed shouldn't raise rates Wednesday.  See omnystudio.com/listener for privacy information.

William Dudley, Bloomberg Opinion Columnist & Former New York Fed President, recommends the Fed pause at Wednesday's meeting. Max Kettner, HSBC Chief Multi-Asset Strategist, says European banks are looking "more and more attractive" despite market turmoil. Mayra Rodriguez Valladares, MRV Associates Managing Principal, says regional banks in the US are still sensitive to this crisis in confidence. Leon Cooperman, Omega Family Office Chairman & CEO, says the banking crisis is "self-induced." Michael Arougheti, Ares Management Corporation Co-Founder, CEO and President, says the Fed is doing everything supposed to in order to provide confidence.  See omnystudio.com/listener for privacy information.

UBS agreed to buy Credit Suisse in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global financial markets. Bloomberg Surveillance broke the news and got analysis from: Mohamed El-Erian, Bloomberg Opinion columnist  Joost Beaumont, head of bank research at ABN Amro Bank  Peter Tchir, head of macro strategy at Academy Securities  Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management  Mark Naur, a strategist at Danske Bank  Seema Shah, Principal Asset Management chief global strategist  Greg Peters, PGIM Fixed Income co-chief investment officer  Steve Pagliuca, Bain Capital Private Equity senior advisor  Hosted by Jonathan Ferro and Lisa AbramowiczSee omnystudio.com/listener for privacy information.

Thomas Hoenig, Former President of Federal Reserve Bank of Kansas City & Former FDIC Vice Chairman, says policy-making needs some humility in the wake of the banking turmoil of the past week. Anastasia Amoroso, iCapital Chief Investment Strategist, says the Fed has to pause in the wake of SVB. Gerard Cassidy, RBC, Head of US Bank Equity Strategy, expects to see more banking regulation ahead. Alvaro Santos Pereira, OECD Chief Economist, says inflation still remains the biggest problem for the global economy See omnystudio.com/listener for privacy information.

Richard Clarida, Former Federal Reserve Vice Chairman, PIMCO Global Economic Adviser & Columbia University Professor, sees tighter supervision on banks. Dominic Konstam, Mizuho Americas Head of Macro Strategy, says it's "fairly intuitive that in the long run" Credit Suisse ends up merging with another bank. Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, cites the "underlying fundamentals" as the reason why he still likes European banks. Neil Dutta, Renaissance Macro Research Head of US Economic Research, says the biggest risk of a hard landing is if the Fed follows the market pricing of interest rates. See omnystudio.com/listener for privacy information.

Nouriel Roubini, Roubini Macro Associates CEO & Author of "Megathreats", says Credit Suisse "might be too big to fail, but also too big to be saved." Peter Tchir, Academy Securities Head of Macro Strategy, says the ECB needs to put enough "firewalls" in place to help Credit Suisse. Ken Leon, CFRA Director of Equity Research, says there might be counterparty risk for some of the US banks in regards to Credit Suisse. David Rubenstein, "The David Rubenstein Show: Peer-to-Peer Conversations" Host and Carlyle Group Co-Chairman & Co-Founder, says there is a lot of Middle East interest in Credit Suisse. Lisa Shalett, Morgan Stanley Wealth Management CIO, says the Fed, ECB need to continue on their tightening campaign. See omnystudio.com/listener for privacy information.

 Ulrich Koerner, Credit Suisse CEO, said the bank had seen client inflows on Monday amid the collapse of Silicon Valley Bank. Magnus Billing, Alecta CEO, says its $2.1 billion bet on three niche US banks was “a big failure.” Ethan Harris, BofA Securities Head of Global Economic Research, says we are experiencing a "stress event" in an otherwise "strong" financial system. Rep. French Hill, (R) Arkansas, says the banking system is safe & sound. David George, Baird Senior Research Analyst, says SVB was "essentially a levered PE fund."  See omnystudio.com/listener for privacy information.

Tom Michaud, KBW CEO, says we need a government support mechanism to make things orderly following SVB's collapse.Subadra Rajappa, Societe Generale Head of US Rates Strategy, says she wouldn't be surprised if we see another leg higher in yields if we start to price in more hikes. Michael J. Wolf, Activate Founder & CEO, says it was a "dark weekend" for startups and venture capital firms. Mayra Rodriguez Valladares, MRV Associates Managing Principal, says as soon as there is a problem with one bank, "fear is real." See omnystudio.com/listener for privacy information.