Bloomberg Surveillance: The Fed Decides 7/29/2026
Federal Reserve officials left interest rates unchanged, but a fractured vote signaled growing conviction among some policymakers that higher rates are needed to curb resurgent
Federal Reserve officials left interest rates unchanged, but a fractured vote signaled growing conviction among some policymakers that higher rates are needed to curb resurgent inflation. Jon Ferro, Lisa Abramowicz and Tom Keene host a special edition of "Bloomberg Surveillance" covering the latest news from the Federal Reserve. Chapters 00:00:00 Bloomberg Surveillance: The Fed Decides 00:03:03 Markets Brace for the Fed 00:04:07 JP Morgan's Bob Michele on the Fed Outlook 00:10:43 Analysts Debate the Fed's Next Move 00:26:03 Fed Holds Rates Steady with Three Dissents 00:29:29 Markets React to the Fed Decision 00:30:49 What the Three Dissents Mean 00:33:08 Jim Bianco on September Rate Hike Odds 00:39:22 Focus Shifts to the September Meeting 00:46:08 Is the Neutral Rate Higher?
00:56:37 Chair Kevin Warsh Opening Remarks 01:01:05 AI Investment, CapEx & Inflation Debate 01:04:12 Kevin Warsh on Market Signals & Forward Guidance 01:07:08 Explaining the Three Dissents 01:10:37 Why Hold Rates Despite Higher Market Yields? 01:13:19 Inflation Strategy & Supply Shock Questions 01:18:03 Jackson Hole & the Fed's Bigger Questions 01:20:04 Kevin Warsh on Policy Transmission & the Dual Mandate 01:24:14 Market Pricing, Surprises & Communication 01:30:15 Bloomberg Questions Warsh's Inflation Strategy 01:33:05 Task Forces & AI Policy Research 01:39:23 Why Hold a Press Conference?
01:41:19 Panel Reacts to Warsh's Press Conference 01:47:18 Bond Market Questions Fed Credibility 01:53:12 Was the Press Conference Too Vague? 02:01:03 Higher Yields & the Cost of Capital 02:07:16 What Comes Next Before September? More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos
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