Federal Reserve Signals No Rate Hike in 2019

Federal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of the central bank’s bond holdings in September after holding policy steady on Wednesday. Discussing the news is Kathleen Hays, Bloomberg News Global Economics and Policy Editor, Bloomberg Stocks Editor Dave Wilson, Frances Donald, Head of Macro Economic Strategy at Manulife Asset Management, and Bloomberg News Federal Reserve Reporter Steve Matthews. Bob Eisenbeis, Vice Chairman and Chief Monetary Economist at Cumberland Advisers, and Bloomberg News Bond Reporter Alex Harris, recap Fed Chairman Jay Powell’s press conference. And we Drive to the Close with David Rosenberg, Chief Economist & Strategist at Gluskin Sheff. Hosts: Jason Kelly and Paul Sweeney. Producer: Paul Brennan See omnystudio.com/listener for privacy information.