Rediker: Powell Is a ‘Tempering Influence’ on Fed Board
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Doug Rediker, Managing Partner at International Capital Strategies and formerly represented the US on the Executive Board of the International Monetary Fund (IMF), says former Fed Chair Jerome Powell’s continued presence on the Board of Governors is a “tempering influence” on current Fed Chair Kevin Warsh. Rediker says he has been reluctant to think the Fed would raise rates because of the proximity to the midterm elections, though he says he is not highly confident in that view. Rediker also says bond markets in the US and France are subject to the influence of “bond vigilantes” and says he would not rule out the 10-year Treasury yield reaching 6%. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s "Balance of Power." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis,
Tags: Bonds, Brookings Institution, DOJ, Diesel, Donald Trump, Douglas Rediker, Economy, Gas, Gas Prices, Interest Rates, International Capital Strategies LLC, Jerome Powell, Joe Mathieu, Kailey Leinz, Kevin Warsh, Oil, Rate Hike, The Fed, Todd Blanche, artificial intelligence
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