Bloomberg Surveillance: The Fed Decides 06/12/24

Jon Ferro, Lisa Abramowicz and Tom Keene host a special edition of "Bloomberg Surveillance" covering Federal Reserve chair Jerome Powell’s remarks. Fed officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation. Fed Chair Jerome Powell says inflation has eased but is still too high and that economic activity has continued at a “solid pace.” Joining the show to discuss are JPMorgan Asset Management’s Bob Michele, Macropolicy Perspectives President and Founder Julia Coronado, Queens’ College Cambridge President Mohamed El-Erian, KPMG’s Diane Swonk, Bank of America’s Michael Gapen, BlackRock’s Jeffrey Rosenberg
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