2025-04-22
25 分钟I'm Shanali Basak and I hope you'll join me alongside my co-host David Inglis and many of Asia's most important institutional investors and money managers at Bloomberg Invest Hong Kong,
June 10th and 11th.
We'll discuss China's growing economic influence, AI's use cases for financial services,
recent shocks to the geopolitical status quo and more with financial newsmakers and dealmakers.
Title sponsor, Invesco QQQ.
Register now at bloomberglive.com slash invest HK.
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It seems to be building on Fed Chairman Jay Powell from the White House President Trump out on social media this morning urging the Fed to lower interest rates and challenging.
Fed Chairman Jay Powell, personally, on a personal level, as well, it seems like.
Tom, we're like Bloomberg economics chief economist.
Hey, Tom,
how concerned should the marketplace be about President Trump and the political pressure he is applying to the Fed and to the Fed Chairman?
Well, I think there's a couple of reasons to be concerned about it, Paul.
The first reason is that we have central bank independence for a reason.
The experience from the 1960s, the 1970s,
when monetary policy was dominated by the concerns of the executive branch was that,
well, that was a big contributing factor to inflation running much too high for much too long.