Fed Is Behind the Curve, Says BlackRock’s Rick Rieder

Rick Rieder, global fixed income CIO at BlackRock, says, “this price for rates is not consistent where the economy is today, certainly not consistent where inflation is today,” as he examines the US July jobs report. Rieder says he would still own the belly of the yield curve and yielding assets and hold them into next year.

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[nickvin]

"No one is buying our over priced homes, we need rate

[robertward]

If blackrock is crying, it's good.😂😂😂😂😂

[KungPowEnterFist]

Guy looks like he just got back from his fifth Caribbean vacation on a $50M yacht this year.

[BigJon-wbjq]

If the economy is doing so great, they should raise rates!

[Moonless]

Black Rock: we have all these over priced homes that people can't afford because of interest rates and definitely not because we bought them and jacked up the prices 50%!!!! Help us!!! We are just a poor multi-national corporation that exploits the markets!!!

[GenerationTech]

Right we should trust blackrock’s view on this 😂

[shellysmith]

Congress is behind the curve, they borrowed 2 trilion dollars we don't even have. Every time a Pennsylvania Senator votes .... the price of everything goes up. No matter what they fed does, the Congress keeps being reckless

[paulbunyan]

Wrong Rick...The Fed should not be cutting rates at all...

[doglegjake]

I can hear the Water in a commode full of corruption starting to swirl 😂

[brucec]

It's like the Fed hit the brakes in a car and has kept their foot at the same hard level even after the car is almost stopped.

[saedal-tamimi]

So if they cut rates what happens to inflation . Time will tell

[johnm]

Why can’t Jerome P. call Mohamed El-Erian and get definitive guidance on what to do NOW with interest rates??? 💯🎯

[ripplecutter]

0:00 I mean... With the whole "inflation is transitory"

[ZEROSUMGAME]

Why would you ask billionaires about what the FED is doing. If the FED is damaging the economy, they are doing their jobs. It was way over pumped with stimulus and national debt. Good job, FED 👏

[ClearGlassStudios]

Blackrock needs more free money to take everything from everyone.

[Sigmalicinius]

He does not say why. It is consistent with regards to the Feds data. This is simple, tell firms to lower prices. That is it.

[jpscott]

They say the fed is behind, but what if oil prices spike in the middle east. Inflation will rise better to hold tight where they are.

[dgaz]

Some told Powel not to cut rates to manipulate the market for political gains...

[kalapriyan]

Money managers always are looking for cheap money so they can line their pockets. Look at China, their interest rates are so low, and still economy is crawling. So, Fed should be very wary of Interest rate trap, and delay any rate cuts.

[yangbomb]

Like there is sincerity to what a guy from Blackrock who bought all the housews and jacked up the price said.