Bloomberg Surveillance

Raghuram Rajan, University of Chicago Booth School Professor & Former Reserve Bank of India Governor, says the market believes the Fed is serious about inflation. Angela Stent, Brookings Nonresident Senior Fellow & “Putin’s World” author, says Putin's army is over-extended. Barton Crockett, Rosenblatt Securities Tech Analyst, doesn't see Elon Musk backing down from the Twitter deal. Megan Greene, Harvard Kennedy School Senior Fellow & Kroll Institute Global Chief Economist, says a soft landing will be tough for the Fed to achieve. Mike Schumacher, Wells Fargo Head of Rates and Macro, says the market has to price in a lot more Fed tightening.

Christian Mueller-Glissmann, Goldman Sachs Head of Portfolio Strategy, says markets are going through a valuation reset. Gabriela Santos, JPMorgan Global Market Strategist, is investing based on a soft landing from the Fed. Steve Ricchiuto, Mizuho Americas Chief US Economist, says we are in the final stage of what is going to be a significant bear market. Rep. French Hill, (R) Arkansas, says Jay Powell deserves a second term as Fed chair.

Bill Dudley, Bloomberg Opinion Columnist, Bloomberg Economics Senior Advisor & Former New York Fed President, says the Fed hasn't been forceful enough in stating and achieving goal. Michael Darda, MKM Partners Chief Economist & Macro Strategist, says it is clear the Fed missed the boat on tightening. Carl Weinberg, High Frequency Economics Chief Economist & Managing Director, says the only tool monetary policy has to bring the rate of price increases down is to cause a recession. Michael Nathanson, MoffettNathanson Founding Partner & Senior Research Analyst, wonders whether Disney needs to reassess their streaming strategy.

Cecilia Rouse, Chair of the Council of Economic Advisers, discusses how the Biden administration is addressing inflation concerns for Americans. Nathan Sheets, Citi Global Chief Economist, says the Fed is setting the tone for other central banks. Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, says growth may slow much faster than many people believe. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, explains why she likes municipal bonds and not high yield.

Raphael Bostic, Atlanta Fed President, says there is no need for a hike greater than 50 basis point. Wally Adeyemo, U.S. Deputy Secretary of the Treasury, says Russia's actions are a key contributor to energy and food price increases. George Saravelos, Deutsche Bank Global FX Research Head, says the market is too pessimistic on the euro. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says markets have been too aggressive on the speed of Fed hikes in the short-term. Cynthia Hooper, College of the Holy Cross Director of Russian and Eastern European Studies, discusses Vladimir Putin's Victory Day speech.