Bloomberg Surveillance 03/06/2023: Federal Reserves Encounter an Uneasy Incident

Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ...(read more)

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On March 6, 2023, the Federal Reserve had an awkward moment. During a live interview on Bloomberg Surveillance, the interviewer asked the Fed Chair about the current state of the economy and the Fed's response to it. The awkwardness arose from the fact that the interviewer was working off outdated data, while the Fed Chair was speaking to current economic conditions. The interviewer began asking questions about the economy based on data from the previous quarter, which was already several months old. The Fed Chair, who had just finished speaking to Congress and had access to up-to-date economic data, quickly corrected the interviewer's assumptions and provided a more up-to-date analysis of the state of the economy. The exchange was uncomfortable to watch, as the interviewer stumbled to keep up with the Fed Chair's updated information. The Fed Chair was patient and professional, but it was clear that the conversation was not going as smoothly as either participant would have liked. While the Fed Chair's correction of the interviewer may have been awkward, it was also a reminder of the importance of staying up-to-date on economic data. The Fed's actions are guided by the latest information available, and outdated data can lead to incorrect assumptions about the state of the economy and the appropriate response. The exchange also highlights the importance of communication between the Fed and the media. The Fed's decision-making process can be complex and difficult to understand, and clear communication with the public can help to increase transparency and build trust in the institution. In the end, the awkward moment on Bloomberg Surveillance served as a reminder that even the most seasoned professionals can stumble when dealing with complex topics like the economy. It also demonstrated the importance of staying current on economic data and the need for clear communication between the Fed and the public. https://inflationprotection.org/bloomberg-surveillance-03-06-2023-federal-reserves-encounter-an-uneasy-incident/?feed_id=82384&_unique_id=64239e9db7aa1 #Inflation #Retirement #GoldIRA #Wealth #Investing #BainCapitalVentures #BarbaraReinhard #BillLee #BOJ #ChinaCPI #DomesticEquities #DWSGroup #ElsaLignos #EmilyRoland #GregStaples #JonathanFerro #LisaAbramowicz #Liverpool #MilkenInstitute #NickBennenbroek #RBCCapitalMarkets #recession #StephenPagliuca #TomKeene #U.S.Recession #VoyaInvestmentManagement #WellsFargoCo. #FidelityIRA #BainCapitalVentures #BarbaraReinhard #BillLee #BOJ #ChinaCPI #DomesticEquities #DWSGroup #ElsaLignos #EmilyRoland #GregStaples #JonathanFerro #LisaAbramowicz #Liverpool #MilkenInstitute #NickBennenbroek #RBCCapitalMarkets #recession #StephenPagliuca #TomKeene #U.S.Recession #VoyaInvestmentManagement #WellsFargoCo.