Bloomberg Surveillance

We bring you a Bloomberg Surveillance Special from the Grand Tetons in Jackson Hole, Wyoming. Michael McKee, Bloomberg News International Economics & Policy Correspondent, interviews three Fed Presidents at the annual Economic Symposium. James Bullard, St. Louis Fed President, says the Fed is very close to neutral rates. On the contrary, Loretta Mester, Cleveland Fed President, says gradual interest-rate increases should continue. Robert Kaplan, Dallas Fed President, agrees with Mester, he encourages the Fed 'to keep moving.' And we include final perspective from Frederic Mishkin, a former member of the Board of Governors of the Federal Reserve System.See omnystudio.com/listener for privacy information.

Michael McKee and Kathleen Hays, Bloomberg News Correspondents, are in Jackson Hole for the 2018 Economic Symposium. Hays speaks with Kansas City Fed President Esther George and McKee previews his upcoming interviews. Amo Mbatha, Bloomberg News Reporter, discusses South Africa's reaction to President Trump's tweet. Alan Ruskin, Deutsche Bank Global Co-Head of FX Strategy, says the modern economy tends to downgrade the importance of land in income distribution. Francisco Blanch, Bank of America Merrill Lynch Head of Global Commodities & Derivatives Research, thinks gold never responds well in environments of rising rates and a strong dollar. Nina Schick, Rasmussen Global Director of Data and Polling Company, and Richard Turnill, BlackRock Investment Institute Global Chief Investment Strategist, discuss U.S.-Russia relations. See omnystudio.com/listener for privacy information.

Kevin Cirilli, Bloomberg News Chief Washington Correspondent, and Kim Wallace, Eurasia Group Managing Director of the United States, join us to recap headlines from Paul Manafort and Michael Cohen's cases. Robert Ray, Former Whitewater Independent Counsel known for his work on the Monica Lewinsky Case, offers perspective on the path forward for Mr. Manafort and Mr. Cohen. Robert Doll, Nuveen Asset Management Portfolio Manager, has his eye on earnings. Diane Swonk, Grant Thornton Chief Economist, says U.S. housing numbers have been a disappointment. And David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, says we're not yet seeing Washington noise in the stock market.See omnystudio.com/listener for privacy information.

John Ryding, RDQ Economics Chief Economist & Founding Partner, says Jerome Powell is a consensus builder. John Coffee Jr., Columbia Law School Adolf A. Berle Professor of Law & Director of the Center on Corporate Governance, says a tweet cannot explain the complexities of Tesla's decisions. Gideon Rose, Foreign Affairs Magazine Editor & Peter G. Peterson Chair, discusses the latest issue. And Amanda Sloat, Brookings Institution Robert Bosch Senior Fellow, says it would be disastrous if Turkey left NATO, however, she hasn't seen any indication that they'll do so.See omnystudio.com/listener for privacy information.

Thanos Vamvakidis, Bank of America Merrill Lynch International Head of G10 FX Strategy, thinks the dollar is overvalued by about 10%. Tim Quinlan, Wells Fargo Securities Senior Economist, says conversations at Jackson Hole may be more about the balance sheet than the Fed funds rate. Ken Simonson, NABE Survey Analyst & Associated General Contractors Chief Economist, reviews the NABE survey and notes that 91% of the respondents said tariffs are harmful to the economy. And Meenal Patel, JPMorgan Private Bank EMEA Head of FX, Commodities, and Rates, foresees a continuation of global growth. See omnystudio.com/listener for privacy information.

Tony Crescenzi, PIMCO Market Strategist, says the U.S. economy is late cycle. Romaine Bostick, Bloomberg News Editor, discusses scaling back the frequency of quarterly reporting per President Trump's tweet. Jay Bryson, Wells Fargo Global Economist, thinks Turkey's crisis is more idiosyncratic than systemic. Ed Yardeni, Yardeni Research President, says earnings are coming in stronger than he expected. Dana Telsey, Telsey Advisory Group Chief Research Officer, says JC Penney's search for a CEO is essential to the company's future. See omnystudio.com/listener for privacy information.

Dominic Konstam, DB Securities Managing Director & Global Head of Rates Research, says the U.S. is immune to emerging markets to a point. Greg Parsons, Semper Capital Chief Executive Officer, says Special Counsel Robert Mueller is focused on getting to the truth. Jurrien Timmer, Fidelity Investments Director of Global Macro, says we're approaching late cycle but we're not there. And Elsa Lignos, RBC Capital Markets Global Head of FX Strategy, says Euro-Sterling looks fairly interesting. ------See omnystudio.com/listener for privacy information.

James Sweeney, Credit Suisse Chief Economist, expects positive PMI surprises from the Eurozone. Steven Cook, Council on Foreign Relations Senior Fellow, says compared to previous administrations, the current White House has changed the tone towards Turkey. And Sarah Halzack, Bloomberg Opinion Columnist, says Macy's investors may be realizing that they got a bit ahead of themselves. See omnystudio.com/listener for privacy information.

Chris Rupkey, MUFG Union Bank Chief Financial Economist, says the currency crisis in Turkey is not over. Gordon Johnson, Vertical Group Analyst, is concerned about Tesla's balance sheet. Sharmila Whelan, Asianomics Group Deputy Chief Economist, says the China-Japan relationship is changing at the margin. And Joe Feldman, Telsey Advisory Group Senior Research Analyst, says Home Depot has done a very good job online.   See omnystudio.com/listener for privacy information.

Mij Rahman, Eurasia Group Europe Practice Head, says he expects Turkey's central bank to hike. Georgette Boele, ABN Amro Bank Currency and Commodity Strategist, provides an EM currency update. Stephen Gandel, Bloomberg Opinion Columnist, is unsure about whether or not the SEC will prosecute Elon Musk. And Matt Winkler, Bloomberg Editor-in-Chief Emeritus, reminds us of the legacy of Nikola Tesla.See omnystudio.com/listener for privacy information.