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Transcripts For BLOOMBERG Bloomberg Markets Americas 20240701

the running to had the trade body. no negative rates and no curves for now, that is the message from the federal reserve vice chair. joining me doubt is michael mckee, bloomberg international economic allah see consultant. equity has really started to rollover as we have talked about the fact that we are nowhere near a yield control situation. michael: the yield curve is not moving fast enough, they don t have to worry about it right now. the headlines out of the speech, besides the fact that the fed will not start raising rates just because unemployment goes down, which chairman powell told us last week that they will not be doing anything to push down on the long end beyond forward guidance and their statements. no negative rates, no yield curve control. claridat clara to said, the potential benefits from this approach may be modest. most of my colleagues judge that yield caps and targets were not warranted in the current environment but should remain an option. he later

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