Bloomberg Surveillance

John Williams, Federal Reserve Bank of New York President, says including hikes in increments of a half-percentage point is a “reasonable option” for the Fed. Kristalina Georgieva, IMF Managing Director, says the war in Ukraine is threatening the world order. Gita Gopinath, IMF First Deputy Managing Director, expects to see inflation easing toward 3% in the second half of the year. Angela Stent, Brookings Non-Resident Senior Fellow and Dan Yergin, S&P Global Vice Chairman, discuss their outlook for the war in Ukraine. Adam Posen, Peterson Institute President & Former BOE Monetary Policy Committee Member, says inflation is probably peaking in the U.S.See omnystudio.com/listener for privacy information.

New York City Mayor Eric Adams discusses his plan for reducing crime in New York City. Nina Khrushcheva, The New School Professor of International Affairs, discusses what the possibility of Finland and Sweden joining NATO means for Putin. Steven Englander, Standard Chartered Bank Global Head of G10 FX Research, says dollar strength has more to do with inflation than concerns from the Russia-Ukraine War. Kathy Bostjancic, Oxford Economics Chief U.S. Economist, expects to see inflation above 5% at the end of the year. Peter Tchir, Academy Securities Head of Macro Strategy, expects equities to return to their pre-March Fed lows.See omnystudio.com/listener for privacy information.

Seth Carpenter, Morgan Stanley Chief Global Economist, says we have reached peak inflation in the U.S. Joyce Chang, JPMorgan Chair of Global Research, says the lockdowns in China are affecting the equivalent of more than one-third of China's GDP right now. Robert Tipp, PGIM Fixed Income Chief Investment Strategist, thinks the market will be able to tolerate the Fed's rate hikes. Julie Norman, UCL Centre on U.S. Politics Co-Director, says any war crime litigation against Putin wouldn't deter his actions in the current moment.See omnystudio.com/listener for privacy information.

Neil Dutta, Renaissance Macro Head of U.S. Economic Research, says the risk of recession in the U.S. is no higher than it normally is. Marilyn Watson, BlackRock Head of Global Fundamental Fixed Income Strategy, says rates can still move higher from here. Jonathan Fenby, Author of "The History of Modern France," says the conventional center-left, center-right division on which the Fifth Republic of France has lasted for the past 50 years or more is now destroyed. Ellen Wald, Atlantic Council Senior Fellow, says the war in Ukraine has given Iran an advantage in selling oil.See omnystudio.com/listener for privacy information.

Jan Hatzius, Goldman Sachs Chief Economist, says there's a chance the Fed may need to hike rates past 4%. Kristina Kvien, U.S. Charge d’Affaires to Ukraine, says Turkey has been playing a positive role in its support of Ukraine. Anastasia Amoroso, iCapital Chief Investment Strategist, says now is the time to look at put options. Ebrahim Rahbari, Citi Global Head of FX Analysis, says the markets haven't decided whether to expect a slowdown or a recession.See omnystudio.com/listener for privacy information.

Olivier Blanchard, Former IMF Chief Economist, says the Fed is going to have a hard time slowing inflation. Vincent Reinhart, Dreyfus and Mellon Chief Economist, says the Great Moderation is over. Savita Subramanian, BofA Securities Equity and Quant Strategist, says energy is investable again. Alina Polyakova, Center for European Policy Analysis President & CEO, says Putin may advance further into Europe if he takes Ukraine. Elsa Lignos, RBC Global Head of FX Strategy, says there are big obstacles to de-dollarization.See omnystudio.com/listener for privacy information.

Bill Dudley, Former New York Fed President and Bloomberg Opinion Columnist, says the Fed might need to force stocks to fall. Evelyn Farkas, Former U.S. Deputy Assistant Secretary of Defense for Russia, Ukraine and Eurasia, says she is worried the U.S. is not thinking enough about how to save lives in Ukraine. Michael Collins, PGIM Fixed Income Senior Portfolio Manager, says higher inflation is going to start destroying demand. Senator Bill Cassidy, (R) Louisiana, is proposing an Operation Warp Speed to combat high energy prices. Lindsey Piegza, Stifel Chief Economist, expects a negative GDP print in the first quarter of next year.See omnystudio.com/listener for privacy information.

Kathy Jones, Charles Schwab Chief Fixed Income Strategist, expects the Federal Reserve to reduce the pace of its policy tightening as U.S. inflation moderates. Andrew Weiss, Carnegie Endowment for International Peace Vice President of Studies, is skeptical the U.S. has any great power to shift the ultimate political direction of Russia. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, expects inflation to move back to 2% in 2023. Sarah Hunt, Alpine Woods Capital Investors Portfolio Manager, says it's important to have some cash in your portfolio.See omnystudio.com/listener for privacy information.

John Bolton, Former U.S. National Security Advisor and The Foundation for American Security and Freedom Chairman, says the U.S. and its allies are not doing enough to support Ukraine. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, says companies have gotten much better at combating margin pressures. Andrew Hollenhorst, Citi Chief U.S. Economist, says it is important to watch the housing sector to see the impact of interest rates on the economy. Doug Kass, Seabreeze Partners President, explains why he thinks markets are underpricing risk.See omnystudio.com/listener for privacy information.

Amos Hochstein, U.S. State Department Senior Advisor for Energy Security, expects U.S. allies to bring more oil into the marketplace as well. Marty Walsh, U.S. Labor Secretary, reacts to the U.S. jobs report. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the Fed has to accelerate tightening. Elliot Ackerman, '2034: A Novel of the Next World' Co-Author and Former U.S. Marine Corps Veteran, says Ukrainians are mobilized to win this war.See omnystudio.com/listener for privacy information.