Bloomberg Surveillance Bloomberg Surveillance TV: March 19th, 2026
18 snips
Mar 19, 2026 
Samantha Dart, Goldman Sachs natural gas lead, tracks gas and oil price moves and supply risks. Edward Fishman, CFR geoeconomics director, explains Iran’s leverage over the Strait of Hormuz and low-cost maritime threats. They discuss possible reopen strategies for Hormuz, energy market pricing of export risks, infrastructure damage, and fertilizer supply risks in South Asia.
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Powell Commits To Staying Through DOJ Probe
- Jay Powell publicly vowed to stay at the Fed until the DOJ investigation is concluded to avoid a precedent of forcing officials out under investigation.
- Krishna Guha interprets Powell's language as possibly signaling he'll remain as a governor after his chair term to provide institutional continuity amid turmoil.
Investigation May Anchor Powell To The Fed
- The DOJ probe may have pushed Powell toward staying on as a governor to preserve Fed independence and continuity.
- Guha notes this could help bridge the Fed to potential rate cuts later in the year under a new chair.
Fed Is Reactive Not Driving The Bus
- Evercore views the Fed meeting as dovish despite growth upgrades, saying the Fed 'is not driving the bus' amid a global shock from war and energy prices.
- Policy is largely reactive to external shocks rather than proactively setting the agenda now.