Columbia University's Mosser on Fed Policy, U.S. Outlook

Patricia Mosser, director of the MPA Program in economic management at Columbia University, discusses Federal Reserve policy and the outlook for the U.S. economy. Mosser previously served as the head of research and analysis at the U.S. Treasury's Office of Financial Research, and spent over 20 years at the New York Fed where she was senior manager of the open market desk. The Fed kicked off a tightening campaign that's set to be the most aggressive in decades, as Chair Jerome Powell assured Americans that the economy won't tip into recession. Mosser speaks with Kathleen Hays on "Bloomberg Daybreak: Asia."

[shigai]

Just listen how positive she is in every word she chose to use. Clearly something’s wrong.

[ravindertalwar]

Her predictions are positive and I also look likewise at the moment

[dalerorex]

Kathleen Harris speaks so bloody fast that I can hardly understand her.

[firstlast]

Why don’t most universities pay taxes?

[maxwellsimoes]

Ted mistakes was Not rises interest rate last year . NOW it is too late hight risky recession still is POSSIBLE.

[slovokia]

I wonder how high interest rates on treasury notes will have to get before the Fed chickens out on its balance sheet rolloff? The Fed might not be willing to accept the market setting interest rates on US treasury debt if they think the final number is too high or the process is not “orderly”. They may start pegging interest rates like the Japanese central bank.

[michaeldusso]

QUESTION: how much credence do you give to the notion that several countries (Russia, China, Saudi Arabia, Venezuela, Brazil, India, South Africa, etc.) are now opting to trade amongst themselves with yuan in lieu of U.S. dollars ? Does this foretell the end of the U.S. fiat dollar as the world’s default trading currency, and if so, what’s next ?!?!?

[lipinglin]

The amount of BS in this is just staggering!

[alcanod]

Ia recession for how many and a boom Market for how many? Less than 3% is nothing at all when true inflation is more than real 20% a year, so Powell is letting monopolies to raise rates by themselves to the population, rates are the prices for everything and everyone, if are below inflation, no one can have true prices, nada wages are going down and down and down, basically destroying the USA economy, making it a China like economy where only meritocracy can work and free market and free entrepreneurship is impossible. It can be by sectors crashing some parts as they renew bad restructure with out a complete cycle, but the more Powell do this the more the middle class is going to shrink, and the more power of purchase will go down relative to most inflation hedge assets. Cycle is profitability and all the other countries that when countercyclical are going to fall or ríase interest rates also, basically if rates don't go up is going to be end of USA supremacy and will be Powell fault.