20 Burst results for "Mike Mckee"

"mike mckee" Discussed on NewsRadio 1020 KDKA

NewsRadio 1020 KDKA

03:28 min | 3 weeks ago

"mike mckee" Discussed on NewsRadio 1020 KDKA

"It's in. This is Mike McKee on 100.1 FM and am 10 20 K T. K. All right, Mike. Thank you very much. Coming up right now on 3 53 Just want to touch base a little bit more about Conversation we just had with Shelby Casesa, her path and my path or so similar in a lot of regards in that bouncing back and forth between television and radio, I got started. And W E. D A, which was the 5000 watt daytime radio station in my hometown of Growth City. I was a high school kid and had an opportunity to start doing radio when I think it was a sophomore in high schools 15 years old. Started doing Saturday nights from seven until 10 and because it was a community radio station that primarily covered news there in Grove City, Mercer County it was talking about you know the local news. We did national headlines. We did state headlines. We did local headlines at the top of every hour. So you had a newscast that she had to prepare. And that was the first opportunity that I had to start learning how to news do news and do journalism and things like that, And then from that we then went into playing music. And then there's local sports that we would do and so it having a chance to do some high school football and basketball and things like that, and that really started. My thinking of this is something that I really want to do. And I went on and did tons and tons of radio from After I graduated from college did sales for about five years or so, but then went back into radio full time and I was a sports guy was a sports play by play guy for many, many years and covered a lot of things, having to do with college sports and professional sports and final fours and U. S, opens and had a chance to travel the world and do all kinds of sports coverage. And then made the switch to television in 2002, and one of the places that I worked was Charleston, Huntington, West Virginia. So Shelby was doing the radio TV thing, and she was in Pittsburgh, and then she was in West Virginia. I was too and then we both end up with Katie K. And now we both end up it, Katie K again, So we've we've talked about some of the similarities that we have taken on what can sometimes be a long and winding road. That is this road that we call journalism and this road that we called covering things that are important to you and being the voice of Pittsburgh. We still the whole lot more to come. Two more full hours here on Katie K. But right now coming up with 3 55. It's triple and traffic on the five time powered by Bowser, Chevrolet. You could experience the power of Bowser at 1000 Chevrolets. We check in with Boris Shylocks. Thanks, Rick, and we're still monitoring the situation down on the South side. Right now. This is the 1100 block of East Car's history. Pittsburgh public safety, asking that people avoid the area between 10th and 13th on East Carson Street as a result of this four alarm blaze. Commercial structure. Fire still in progress crews still working on it right now, and they're gonna be there for a while. So if you can just avoid the area all together might be a good idea to take a trip down to the South side some other time or find yourself an alternate route. If your travels take it through there. We also have some volume building on the parkway East. The city side as you approach the squirrel Hill tunnels on the outbound side of the parkway used Swinburne. Although after this girl hell tunnel you're seeing volumes and allow yourself some extra time if you're traveling through glass structure roadway. Other than that, I'm taking a look at our flow maps and our pen dot cameras were looking too terribly bad out there on the roads, no major incidents or accidents to report at this point in time. Traffic report brought to you by the ex surgeon twice daily thermometer. Our next to play traffic on the fives report.

Shelby Casesa Pittsburgh Katie K. Mike McKee Bowser Katie K West Virginia Growth City Mercer County Grove City squirrel Hill Swinburne Chevrolet Charleston Boris Shylocks East Car Rick basketball football
New home sales rise in December

Bloomberg Businessweek

02:39 min | Last month

New home sales rise in December

"Sales. We talked about this. With Mike McKee rising in Summer, the first time in five months. It's captain the best year since 06 signaling that record low mortgage rates continue to drive demand for sector That's really been a bright spot in the U. S economy. So another story on the Bloomberg about Hamptons home sales are at a record in the fourth quarter, people continuing to leave New York City head out to the Hamptons. Meantime, even as The pack of chapter 11 filings in commercial real estate have slowed amid easy access to funds summer still telling us that the real estate industry is quote facing an existential crisis of what's next. So let's see what Gil Brock has to say He is the U. S presidency of Collier's international. He's with us on the phone from Los Angeles. Guilt. So nice to have you here. How are you and How is your world? And how does it compare from kind of what we saw over the last year? Michael. Nice to talk with you again. Look, I think we're doing fine. It's been a long year for all of us or long, 11. Months on guy think that You know, sort of where we are. We're closer to the end than the beginning. That's the good news right to the vaccines are rolling slowly, but they're rolling on. I think that most people are quite encouraged by that and encouraged about The fact that we should be returned to some sense of normalcy by the middle of the year and into the back half of the year and so things are looking up, and they didn't end as badly as some might have predicted. Sort of When the crisis hit us in March and April last year, there was activity on there was some sense of optimism. You know, again toward the end of last. Clearly we didn't perform last year like we did in 2019. But things did gradually start to get better. And that trend seems to be continuing that true around the world. I mean, I knew you focus on us properties. But you guys are international eyes. It kind of the same story everywhere. It depends on the market. I mean, I know real estate is location, location location. Very local story, but I'm just curious. Yeah, I know. Everything I've heard and read from my colleagues you know, across the ponds is that they're feeling sort of generally the same way there is enthusiasm. Activity is picking up. On Has really been the opposite of most other effort types because of the economic growth. Are you seeing any

Mike Mckee Hamptons Gil Brock U. Collier New York City Los Angeles Michael
Steady Fed sees no more hikes in 2019

Bloomberg Daybreak: Europe

01:16 min | 2 years ago

Steady Fed sees no more hikes in 2019

"So lot of central Bank news coming through today. Of course, the fed front and center and fed chairman Jerome Powell said interest rates could be on hold for some time. That's after officials slash their projected interest rate increases this year two zero from two with more. Bloomberg's Mike Mckee reports from Washington the pause continues with no change in the feds target rate. But if you believe the dot plot policymakers think they're done for the year. The median dot now calls for no rate hikes this year, just one next year. The fed will also begin tapering its balance sheet runoff in may reducing the cap on monthly redemptions. Fifteen billion dollars. They'll stop altogether at the end of September with about three and a half trillion on the books in Washington. Michael Mckee, Bloomberg daybreak Europe. It was taken really dovish Lee. Certainly by the bond market. Interestingly we saw Kerr flattening on the twos. Tens was steeply up a little bit today and the chances in the market of a rate cut this year have increased as well off the back of that meeting. So really to me all the fed did was actually bring the dot plot to where the markets were already pricing. But then immediately the bond market starts asking for more on the flip side. We didn't quite get the rally inequities, you might have expected from a dovish no perhaps some concerns regarding growth going forward as the Federal Reserve also downgraded its growth forecasts for two thousand nine hundred ninety two point one percent is what it's now predicting for

Bloomberg Federal Reserve Washington Mike Mckee Michael Mckee Kerr Jerome Powell Chairman Europe LEE Fifteen Billion Dollars One Percent
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 2 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"Interesting conversations including one about luxury luxury, but it's really interesting luxury with an impact kinda love this company. I've just been reading about it came to my attention recently. So into your alley hit is right. Stick around for that. You are listening to Bloomberg BusinessWeek. I'm in New York. He's in Berlin. We this week. This week. This is a Bloomberg market minute. Federal Reserve chairman Jerome Powell didn't move the markets much when he delivered an expected mostly positive report on the US economy, and he repeated his intention to proceed with caution on interest rates to the Dow is up twelve the NASDAQ is down four the S and P is up less than one point. Bloomberg's Mike Mckee has more on Powell's testimony before the Senate. He did talk about what he called cross-currents including slowing global growth. The volatility we saw in the markets and trade wars, but as far as trade wars are concerned he said, it's only had a small effect so far on the overall macro economy. Also on Capitol Hill the top executives from AstraZeneca. Bristol Myers Squibb, Pfizer and other major drug companies defended their pricing, practices and testimony saying federal price controls hurt innovation and wouldn't be enough to make medicines cheaper. Anyway. Consumer confidence is up snapping a three month losing streak. No surprise there. With a solid job. Mark. In stock market rally. Martin decastro Bloomberg radio. Adopt US kids presents what to expect. When you're expecting a teenager learning. The lingo jelly jelly.

Bloomberg Jerome Powell Bloomberg BusinessWeek US Federal Reserve Bristol Myers Squibb Mike Mckee New York AstraZeneca Pfizer Berlin Senate chairman Martin Mark three month
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 2 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"I'm John Tucker. The Bloomberg newsroom with this Bloomberg business flash. We have stocks across the board lower today concern about apple cutting it sales outlook stocks also say after that factory gauge fell the most in decade the biggest slump at the ISM manufacturing index since two thousand eight at markets are starting to entertain. Now, the possibility of a rate cut from the Federal Reserve this year, the Federal Reserve Bank of Dallas, President Robert Kaplan says the US central banks should put interest rates at least on hold is a wage to see how uncertainties about global growth weakness in inter sensitive industries and tighter financial conditions play plan. He was on Bloomberg exclusively this morning speaking with Bloomberg's Mike Mckee, for example in the first couple of quarters of this year. He asked me my base case. My base case would take no action at all that could change. If things improve, but my own view right now is we should be patient and give some time to the for the economy and to watch how the situation unfolds. Five hundred right now fifty six points lower. This is down two and a quarter percent right now. Twenty four fifty four the Dow Jones industrial average the sell off continues there. Six hundred and eleven points, lower down two point six percent. At twenty two thousand seven hundred thirty four composite index is down one hundred eighty two points. That's a decline at two and three quarters percent. Read sixty four eighty three Donald weakness across the board. What are those havens is the yen? That's up one percents against the greenback. Also, investors pouring into treasuries the safety. They're the ten year yield. As a result is down to.

Bloomberg Mike Mckee Federal Reserve Bank Federal Reserve Robert Kaplan John Tucker apple Dallas US President Donald three quarters six percent ten year
U.S. stock futures hit record high following speech from Fed's Powell

Bloomberg Daybreak: Europe

01:20 min | 2 years ago

U.S. stock futures hit record high following speech from Fed's Powell

"Really now European stocks finished Friday. Little change this morning. We're seeing the futures rising though your stocks fifty futures higher by four tenths of one percent. Racing dachshund futures high more than half of one percent Asian equities getting a boost. As well investors digesting the Fed's symposium in. Jackson Hole perhaps it orchids meshes message. From Thatcher Jerome Powell than expected investors also. Digesting moves by the c. Scene tilting towards. A stronger Yuan the Shanghai composite on. The back of that rising by one point, seven percent the Hang Seng bomas two. Point one percent and. In Tokyo the Nikkei two to five Shut up shop with a gain of run about nine tenths. Of one. Percent. The Bloomberg dollar spot index little changed as I look at it now a dropped on Friday remember we are, seeing euro dollar under a little bit, of pressure here at one spot sixteen zero seven I mentioned the u on it is also, coming onto, pops, a. Little bit of pressure only marginally so though as I look at. The on shore you on down by about, a tenth, of one percent against the dollar trading at six. Point eight one seven five we are also keeping, an eye, on. The Turkish lira this morning it is now down by almost one point seven percent the Turkish lira under. Under watch hair as Turkish domestic. Markets are getting back online after a week long

Thatcher Jerome Powell Bloomberg Jackson Hole FED United States Boucle Mckee Bloomberg President Trump Elon Musk Mexico Paris Frankfurt Hang Seng China Petroleum Wall Street Journal Jason Scott Scott Morrison Yuan Tokyo Nafta Mike Mckee
"mike mckee" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

01:59 min | 2 years ago

"mike mckee" Discussed on Xtra Sports Radio 1300 AM

"You make the coal sean is talking to you at eight five five two one two four cbs that's eight five five two one two four two two seven hanging around hanging around kid has alligators blood that's what the teddy kgb said rounders about mike mccarthy played by matt damon when he kept playing playing poker one on one and matt damon mike mccarthy i'm sorry the character just wouldn't go away he just kept playing and playing and grinding and hanging out cleveland right now the cavaliers are mike mckee they were down by thirteen at the half they've grinded their way back to a six point deficit and they're doing what they did in game one which is don't let golden state put that run on us puts us away and credit lebron james made a big three and then a big assist the tristan thompson to turn that eleven point lead there was just the most recent big double digit lead and he's cut it back to six but man but lebron james to brian guilt sollers point we had gilts on in the previous segment lebron james as good as he's playing he looks gassed the warriors call timeout after the cavaliers cut it to six and lebron was walking back to the bench like he was fred sanford in sanford and son like he's red fox he looks spent so we'll see if he can pull some magic out here in game two golden state seems to be a little more in control tonight than they were in game one when they trailed in a big chunk of that game they needed a bail out at the end of that game this feels more like a game where every time cleveland gets to within six or eight points golden state is gonna put that little run on them but we'll see we'll see how it goes we'll keep an eye on it all right eight five five two one two four cbs if you wanna get in in the final segment of the show here eight five five two one two four two two seven we go back to the phones.

matt damon cleveland cavaliers mike mckee tristan thompson lebron james warriors sanford mike mccarthy brian fred sanford
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:38 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"Clearly true i think inflation facts have been debated for may reasons it's not really so much the stimulus packages monetary policy i think the fed has to think about inflation i worry sometimes if it goes below two it's like the end of the world it's not the end of the world if it's one point six and i think that's i think about that as they begin to normalize policy but i wonder the inability to generate inflation and the fact that we have gone so long with inflation so low that deflation but low inflation because that's suggests that maybe your rule taylor rule needs to be somehow tweet well they haven't been following the taylor rule during this period i think that's very significant win they did things work quite well the the economy was stable at long expansion sometimes called the great moderation hey got off at roughly two thousand three four and five the good news is they're coming back and i think we're gonna see some improvements already have seen some improvements in the economy as they become more rules based well the idea of the output gap which is in your formula being much lower than it used to be does that change the way the taylor rule gets applied have you played around with different versions of that of course has have as the atlanta fed in many other central banks i think there's uncertainty about this the fed has reduced their estimate from four to three where the long term short term federal funds rate is going i think there's a lot of uncertain and i wouldn't be surprised if they begin to revise their estimates up before too long john taylor there professor at stanford university with our mike mckee the taylor will they referred to the principle of economics involving a forecast of the trade off between inflation and employment i squeezed in oil price before we got to that because there are some in the market concerned about a much higher level of oil wti could sixty nine eighty five and that's up to tenths of one percents full at markets come up next this is bloomberg asset managers who seek sarcoma odds are you've never heard that word before for the forty people diagnosed with sarcoma everyday it is a life changing word because sarcoma is cancer through awareness advocacy and research the sarcoma foundation of america is bringing hope to the families whose lives have been.

fed atlanta john taylor professor stanford university mike mckee america bloomberg
"mike mckee" Discussed on KBNP AM 1410

KBNP AM 1410

03:27 min | 3 years ago

"mike mckee" Discussed on KBNP AM 1410

"Prices higher goodson flation that doesn't resonate with fed policymakers in the same way as if we're seeing the inflation coming on the service sector side and really emanating from wage pressures this is the fed that continues to abide by a phillips curve framework for thinking about inflation powell discussed this in the a and they're still standing by phillips curve but yet they're wondering why it's so flat in that tells you until the wage pressures arrive as mike mckee was highlighting this fed that will very much stay the current course of three three rate hikes professor michio what do you make about the what what's your read on the dollar weakness could you repeat the question what's your read on the dollar weakness well the dollar moves from very very many reasons but clearly the fact that the inflation pressures have been so weak are something that means that the federal reserve does not have to raise rates quite as as rapidly and i guess that this is one of the reasons the dollar maybe a little bit weaker than otherwise would be but you know one of the things that we learn when we actually look at asset markets they do a lot of wild and crazy things that are not explained by what the fed is doing or piggly other other fundamental so it's really hard to say exactly why the dollar is doing what it's doing do you think the markets and the federal concert here on on the outlook or it has the market caught up to the fed or has the fed caught up to market where do we stand now because for so long they were not seeing the same thing if the data well the dollars external factor what do you import and the price of that that affects it in with the fed is really looking for is the internal inflation that has generated within the economy so i it's a weight but it is the most important thing they rather see what's going on with wages and the demand side and whether or not companies are having to raise their own prices because input costs and that includes labor are going up so it's kind of like organic growth for companies people looked for that organic growth.

mike mckee fed phillips professor
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:49 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"In two or twenty nineteen that seems to be really driving the currency strings through the other side of the interest rate differential i will say if it's a move in the dollar that's driving higher right weaker dollar means higher import prices higher goods inflation that doesn't resonate with fed policymakers in the same way as if we're seeing the inflation coming on the service sector side and really emanating from wage pressures this is the fed that continues to abide by a phillips curve framework for thinking about inflation powell discussed this in the qa and they're still standing by phillips curve but yet they're wondering why it's so flat in that tells you until the wage pressures arrive as mike mckee was highlighting this is that will very much stay the current course of three three rate hikes professor michigan what do you make about the what what's your read on the delaware i'm sorry could you repeat the question what's your read on the dollar weakness the dollar moves very very many reasons but clearly the fact that the inflation pressures have been so weak something that means that the federal reserve does not have to raise rates quite as as rapidly and i guess this is one of the reasons the dollar maybe a little bit weaker than it otherwise would be but you know one of the things that we learn when we actually look at asset markets they do a lot of wild and crazy things that are not explained by what the fed is doing or piggly sometimes other other fundamental so it's really hard to say exactly why the dollar is doing what it's doing do you think the markets and the federal in concert here on the outlook or has the market caught up to the fed or has the fed caught up to market where do we stand now because for so long they were not seeing the same thing if the data where he absolutely especially given the fact that you only need one more person to get on board with that unless something you know materially happens although it is interesting as as carl mentioned you know they're really focused on services inflation in that phillips curve kind of dynamic services inflation as we know has actually been.

mike mckee professor fed phillips michigan delaware carl
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"The fomc also opt its forecast for economic growth in 2018 but it's stuck to the projection of three rate hikes in the coming year it was her last post policy decision news conference not allows made in but allows news conference and the janet yellen said that the committee expects the labor market to remain strong with sustained job creation ample opportunities for workers and rising wages she also addressed the tax issues full of changes in tax policy will likely provide some with to economic activity in coming years for magnitude in timing of the macroeconomic fix of any tax package remain uncertain given there was the elon's less news conference bloomberg's mike mckee couldn't resist the question of course always wanted to ask everybody on wall street i've wanted to asking for four years since this is your last press conference can you tell us which dot is yours i can answer the last question for his the answer is no i've never been willing to repeal which died in his mind and i'm not i'm not going to change that now ladies should not use some questions you just shouldn't ask a lady are they are indeed general especially when you're on the federal reserve let's talk about all of this we have the markets perspective hayden briscoe is the head of asiapacific fixate come over at ubs asset management get to see this morning so the ladies not for divulging which dot is has but quite frankly the dots didn't move and i look at the language from the fed last night growth remained solid labor conditions remain strong i spanning remains moderate business fixed investment as all picked up why were they not more demonstrative in their dark plot but also comes down to inflation and i still believe that that's the the big mystery they oversee still playing to the tyler ruehe obviously that mrs a lot of the pace the demographics technology those influences on markets one thing i always think about those if you look across the japan they've got recalled record lows in unemployment and they still consi wedges picking up of growth picking up and they've got pricing the same issues and probably worse issues with the demographics this is just a phenomenon of technology and demographics.

fomc janet yellen labor market tax policy elon bloomberg mike mckee dot japan hayden briscoe four years
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"Lot of experience who may have not been thought up for chair of mr well what does he know about the inner workings of the financial system while they're you're talking about his strength he did that graduate isn't economists use a lawyer that's what build grows from jettas harrison said he didn't know anything about powell didn't know what he knew about the inner workings of the financial system why would say that mr paul visit manage money by like mr gross but probably as head as successful a career he came out of the legal profession to join the investment bank dillon read and sue work there for many years also worked at the carlos group at a couple of other investment banks and then spent time at the treasury department as the undersecretary for domestic finance the person responsible for all of the bond sales and managing financial institutions of the country so he's a broad range of markets experience or is it correct to called him a continuity a candidate that would be the cliche and that would be absolutely correct cliche as far as we know from everything he has said in the past isn't utilized speeches buddy if other everything he has said he does believe in the same monetary philosophy as janet yellen the the economy is growing fast enough we should normalize rates but we should do it in a slow cautious manner of the dovish dovish reaction i guess is so far in the markets that's warranted it yes the markets have struggled to pricey knew would be the next chair but it does look like they're getting it right for powell and most little bit of a uh a drop in yields was forecast mike thanks very much bloomberg a comedy in policy correspondent mike mckee walking is through this again president trump will announce his choice to six syed janet yellen at the head of the of the federal reserve for this afternoon through clark we will carry that live and a reminder that besides the fed nomination we expect republicans to unveil their tax reform bill today will have full coverage things.

financial system jettas harrison powell treasury department undersecretary trump syed janet yellen clark mr paul mr gross investment bank bloomberg mike mckee president fed
"mike mckee" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

02:09 min | 3 years ago

"mike mckee" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"Uh and that's all find a nice and i think that is an important prerequisite which does disqualify folks like john taylor because pretty much every iterations of the tail ruled that you look at how would appoint to a higher interest rates them where they currently stand so i think that that the hawks are being crossed off the list and the other part of that litmus test is that day he basically at wants to be sure that whoever's fed chair is not going to stand in the way of his economic agenda and more specifically that means if he is passing tax reform which could maybe not be so comprehensive and terms of tax reform but more obey yet a sugar high from a tax cut our that may not necessarily be revenueneutral at least in the short term that he does not want to fed chair to step in front of that economic benefits so if you're going to raise rates says the president cut taxes you probably not going to be in the fed chair seat next year all this makes me question why kevin marshes even in the running well the the worse of family has some connections to the president and that he is set well liked among republicans and conservatives but uh and he certainly as a bit of a maverick even though he was a former governor i he's been highly critical of the fed uh so in those regards i think he does appeal to the president says sentiments an instinct set however i he was very dismissive of the fed dead missing on the inflation target earlier this year in an interview with mike mckee actually endo also he's concerned about fight financial stability risks so he is someone who also once rates to be higher and that again is not consistent with trump's economic agenda so bloomberg shortlists that we've put out includes kevin worse also janet yellen who is the current fed chair also jerome at power powell who is a current fed governor i'm neoc has qari has gotten less attention and yet jeffrey gun lotfi head of double line came out and said that he expects cash curry timothy likely next fed chair is he wrong.

john taylor interest rates hawks president mike mckee trump kevin janet yellen powell fed endo jeffrey gun
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"Whoever's fed chair is not going to stand in the way of his economic agenda and more specific equally that means if he is passing tax reform which could maybe not be so comprehensive and terms of tax reform but more of a sugar high from a tax cut that may not necessarily be revenueneutral at least in the short term he does not want to fed chair to step in front of that economic benefits so if you're going raise rates says the president cuts taxes you're probably not going to be in the fed chair seat next year all this makes me question why kevin washes even in the running well the the wash family has some connections to the president and he is so well liked among republicans and conservatives but eddie certainly is a bit of a maverick even though he was a former governor he's been highly critical of the fed uh so in those as regards i think he does appeal to the president says sentiment that instincts however he was very dismissive of the fed dead missing on the inflation target earlier this year in an interview with mike mckee actually and also he's concerned about fi financial stability risks so he is someone who also once rates to be higher in that again is not consistent with trump's economic agenda so bloomberg shortlists that we've put out includes kevin marsh also janet yellen who is the current fed chair also jerome at power powell who is a current fed governor neoc has curry has gotten less attention and yet jeffrey gun lock the head of double line came out and said that he expects kashkari typically likely next fed chair is he wrong well we'll find out soon enough i think he is potentially on the short list and he's definitely the dark horse candidate does a bit of an outsider uh somewhat critical of the fed and does certainly a dissenting at several meetings critical of effectiveness opposite standpoint than marsh saying that it's moving absolutely absolutely so he's a low rate sky anything until we see inflation hitting the fed's target we should stop raising rates that is sent music to.

president eddie mike mckee trump kevin marsh janet yellen powell fed jeffrey gun
"mike mckee" Discussed on KBNP AM 1410

KBNP AM 1410

02:13 min | 3 years ago

"mike mckee" Discussed on KBNP AM 1410

"Whoever fed chair it's not going to stand in the way of his ican mika gendai and more specifically that means if he is passing tax reform which could maybe not be so comprehensive and terms of tax reform but more obey yet a sugar high from a tax cut that may not necessarily be revenueneutral at least in the short term that he does not want to fed chair to step in front of that economic benefits so if you're going to raise rates says the president cuts taxes you're probably not going to be in the fed chair seat next year all this makes me question why kevin washes even in the running well the the wash of family has some connections to the president and he is so well liked among republicans and conservatives but eddie certainly is a bit of a maverick even though he was a former governor he's been highly critical of the fed so in those regards i think he does appeal to the president's sentiments an instincts however he was very dismissive of the fed dead missing on the inflation target earlier this year in an interview with mike mckee actually endo also he's concerned about fi financial stability risks so he is someone who also once rates to be higher and that again is not consistent with trump's economic agenda so bloomberg short list that we've put out includes kevin worse also janet yellen who is the current fed chair also jerome power powell who is the current fed governor near khost curry has gotten less attention and yet jeffrey gunnlaug the head of double line came out and said that he expects kashkari typically likely next fed chair is he wrong well we'll find out soon enough i think he is potentially on the shortlisted he's definitely the dark horse candidate does a bit of an outsider uh somewhat critical of the fed and does certainly a dissenting at several meetings over at that evening opposite standpoint than marsh saying that it's moving absolutely absolutely so he's a low rate sky anything until we see inflation hitting the fed's target we should stop raising rates that is sent music to.

mika gendai president eddie mike mckee trump janet yellen powell khost curry jeffrey gunnlaug fed kevin endo bloomberg marsh
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"Thank you begin to unwind curly in 2018 of of their ballot that's what trump you should be cutting up left the bust of an interestrate move more of it unwind the qe following in the but stepped then terms thank you so much we got through the sooner view without discussing backwardation which is a good mansell thing his lawyer their chief investment officer and fixed income i don't know what to make of the speech david this afternoon it's it's a we are advantaged did mr mckee is there y'all been these meetings many times in a you know i'm not going to mince words i think the government officials ramp it up for the national lesotho's usually a busy economics there's a certain kind of beast in the room and in the the get they don't get wonky like the american economic association and they don't go dumb like they do to congress they really ramp rampart up to smart discussion we may get that yeah i was struggling to them like mckee said yesterday mick mulvaney that had a the office of management budget there at this conference a as well uh mike mckee was saying here you have a lot of people who are interested in tax reform a true answered how that might affect their their business so as you say less academic and more policy focused on that may make for an interesting speech today going to 1245 wall street time we're schedule your david rosenberg is going to darken the door correct the best guy i know it's slicing enticing price change david rosenberg will join us next wide coast to coast this is bloomberg bloomberg markets ever online me and my skin cox housing market will be talking about in eastern on bloomberg radio this is a bloomberg market minute.

chief investment officer lesotho american economic association mick mulvaney mike mckee david rosenberg bloomberg markets mansell mr mckee government bloomberg
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"The expect the timetable for for the unwind to start they had said this year so the expectation is it would be in the fourth quarter although it could be announced at the september meeting if they want to hold off on the third grade increase until perhaps december and see where inflation and unemployment are by that time i think the answer to your question about why the rush is and this is something i've i've talked about with people in the mark saying the markets get this wrong i don't think the fed is actually entirely focused on heading off inflation because it is lower there are no signs that it would accelerate i think what they're doing is taking a free shot at getting the fed funds rate high enough and bringing down the balance sheet so they have both of those available as tools to use when the next recession comes along if you're stuck at one percent fed funds rate you don't have a lot of ammunition should you want to stimulate the economy monetary policies out of it can sylvia let me give one other topic in here i think wh some solace that the fed sees is of the low low low unemployment rate why aren't we seeing wage growth qichen still although i would expect the pot of benefit that care that people care more about land and wages and then i think second globalization has rarely imclone wage growth in many different nations and mike mckee they expressed in a concern about that but they are expressing concern that wage growth hasn't picker up as they forecast and they are all that the all but most of the center of the fed is a phillips curvers they believe that as unemployment goes down the inflation rate would go up but they don't have a good explanation for that of than the global supply of labour exceeds right now demand and that is a factor weighing on wage rates but that's a should disappear as employment picks up was fargo chief economist john silvia and bloomberg international economics and policy correspondent michael mckee gentlemen thank you for joining us thank you thank you head on bloomberg daybreak look at the.

fed unemployment rate mike mckee inflation rate john silvia bloomberg chief economist michael mckee one percent
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"They're going to try to do in terms of the balancesheet but even at that point and later 2018 to 2020 nineteen they're going to be period of time where they are intended reduction of balance she to feed the outstanding treasury issue and for the period john i remember when we talked last you were saying that yes we could go ahead and go through with those rate increases but then the fed needed to lay off if it wanted to turn toward the unwinding of its balance sheet you still feel that way the combination i think it's still too aggressive kamei in terms of the dot plot and the balance might mike mckee what is the fed signalling about that are they going to lay off if you will so they can start to unwind balancesheet nobody really knows at this point when you look at the dot plight what does that is telling you is that they feel that given they're forecasts that's where the fed funds rate should be at that time they will change they will adjust as they adjust their forecast and if the forecast is for growth and unemployment to be where they are now and as the fed suggests inflation rising then they'll stick with that path if they say zia change they will change that one thing that it's also going on with the bond market is they're looking at the composition of the fed next year with the possibility that janet yellen and stanley fischer will be gone and saying we could have a new leader who would take the fed in a different direction and their guessing that donald trump wants someone who would be more amenable to low interest the straits and so now the reason the market doesn't believe the fed and its forecast for two thousand eighteen but when i said why the russia we have had years and years and years of easy money stimulus and this has been going on for so long doesn't really matter at this point how quickly the fed tries to deal with this well to me you know picking up on your question earlier and and my response i look at the inflation data and i just donkey the um eight i i know that some of the regional president and governor said a really making progress the two times i i don't care whether i like it if we heard anything about when.

fed janet yellen stanley fischer donald trump russia regional president mike mckee
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"Russia we've had years and years and years of easy money stimulus and this has been going on for so long doesn't really matter at this point how quickly the fed tries to deal with this well me me picking up on your question earlier and and my response and look at the inflation data and i don't see that and i i know that some of the fed regional president and governor minute dimona you know we're not really making progress to to say i ain't i don't see the case further i like it have we heard anything about when they expect the timetable for for the unwind to start they have said this year so the expectation is it would be in the fourth quarter although it could be announced at the september meeting if they want to hold off on that third raid increase until perhaps december and see where inflation and unemployment are by that time to take the answer to your question about why the rush is and this is of the i've i've talked about with people the mark saying the markets get this wrong i don't think the fed is actually entirely focused on heading off inflation because it is lower there are no signs that it would accelerate hick what they're doing is taking a free shot at getting the fed funds rate high enough and bringing down the balance sheet so they have both of those available as tools to use when the next recession comes along if you're stuck at one percent fed funds rate you don't have a lot of ammunition should you want to stimulate the economy monetary policies out of it john silvia let me give one other topic in here i think some of the saao's that the fed sees is of the low low low unemployment rate why are we seeing wage growth qichen still though i would suspect that part of any benefit take care that people care more about nabbed and wages and then i think second globalization has rarely employer one way wage growth in many nations and mike mckee if they expressed any concern about that but they are expressing concern low wage growth hasn't pick up as they forecast and they are.

Russia regional president fed unemployment rate mike mckee john silvia one percent
"mike mckee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:46 min | 3 years ago

"mike mckee" Discussed on Bloomberg Radio New York

"Now wire coin yeah go to getting inflation upward alcoa pick it up on my comment on what the balance sheet it can be very very conservative in terms of what they're going to try to do in terms of correcting the balancesheet bought even at that point and later 28 keno currently in twenty nineteen kennedy period of time where they are intended reduction balance sheet it any treasury issue and for the period can i remember when we talked last you were saying that yes we could go ahead and go through with those rate increases within the fed needed to lay off if it wanted to turn toward the unwinding of its balance sheet you still feel that way the combination i think it to acquire a million tons of the dot plot and the balance mike mckee what is the fed signalling about that are they going to lay off if you will so they can start to unwind ballengee nobody really knows at this point when you look at the dot plot what is that is telling you is that they feel that given there our forecasts that's where the funds rate should be at that time they will change they will adjust as they adjust their forecast an if the forecast is for growth and unemployment to be where they are now and as the fed suggests inflation rising they'll stick with that path if they see zia change they will change that wanting that it's also going out with the bond market is they're looking at the composition of the fedex year with the possibility the janet yellen and stanley fischer will be gone and saying we could have a new leader who would take the fed in a different direction and their guessing that donald trump wants someone who would be more amenable to low interest trade sin so now the reason the market doesn't believe the fed and its forecast for two thousand eighteen when i said why the.

mike mckee fed janet yellen stanley fischer donald trump zia fedex million tons