Bloomberg Economics’ Anna Wong on Fed Jawboning: Macro Matters

The Federal Reserve may not hike the additional 50 bps shown in the infamous “Dot Plot” at the June monetary policy meeting, Bloomberg Economics’ Chief US Economist Anna Wong remarks. She joins Bloomberg Intelligence’s Chief US Rates Strategist Ira Jersey on this Macro Matters edition of the FICC Focus podcast to recap the FOMC meeting and discuss her views for the future. Wong still expects a mild recession in 2H, thinks the Fed will maintain interest rates near the peak and that balance-sheet reduction will continue into next year. She also believes Chairman Jerome Powell’s press conference was relatively neutral, though the dot plot was hawkish.