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Transcripts For BLOOMBERG Bloomberg Markets Americas 20171102

Reading of the history of the fed. R more importantly is to look forward to what we presume chairman powell will do. Scarlet that enough it will come at around 3 00 p. M. Eastern time. He is set to make an announcement in the rose garden. Michael what do we really know about jay powell . A lot of people expressing ancerns about him not being economist. He went to princeton and georgetown law. He was a lawyer but went into investment trading and he worked a number of the biggest houses on wall street. Deals and then he went into government and worked for George H W Bush funding the government and supervising financial institutions. A lot of experience before joining the fed. What do we know about what he wants to do . Let us take a look at some of the things we know he has told us. He knows that economy is growing at about 2 , and we are close to full employment. Inflation is going to move up to 2 , according to mr. Powell. Low productivity is the biggest reason we seeing depressed wage

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