Bloomberg Surveillance Bloomberg

Federal Reserve Bank of Cleveland President Loretta Mester says policy is in a good place right now.. Claudia Sahm, Jain Family Institute Senior Fellow & Former Federal Reserve Economist, says people will tolerate inflation at a moderate level as long as wages are rising. Michael Nathanson and Craig Moffett, MoffettNathanson Founding Partners & Senior Research Analysts, discuss the streaming wars as Disney reports a miss in streaming user growth. Dr. Gigi Gronvall, Johns Hopkins Center for Health Security Senior Scholar, discusses the CDC lifting mask guidance for vaccinated individuals.

Mohamed El-Erian, Cambridge University Queens' College President and Bloomberg Opinion Columnist, says that it becomes very difficult for economists to forecast with any degree of accuracy when structural change is going on in an economy. Dennis Gartman, Retired Editor of The Gartman Letter & Chairman of the University of Akron Endowment Fund, explains why he has been very bearish on equities. James Sweeney, Credit Suisse Chief Economist, says higher inflation is not the end of the world. Julie Norman, University College London Professor in the Department of Political Science, details the complexity of the conflict between Israel and Hamas.

Jason Furman, Harvard University Aetna Professor of Economic Policy, says some states should start rethinking unemployment insurance. Alicia Levine, BNY Mellon Chief Investment Strategist, says a little bit of inflation is positive for Main Steet. Thierry Wizman, Macquarie Capital Director of Global Currencies & Interest Rate Strategist, is not positive on iron. Steve Ricchiuto, Mizuho Securities Chief U.S. Economist, says the stimulus checks will help U.S. consumers get beyond inflation problems.

William Dudley, Bloomberg Opinion Columnist & Former New York Federal Reserve President, says rates will climb much higher than expected once the Fed does begin to hike. Jared Bernstein, Council of Economic Advisers Member, says having childcare in the infrastructure package is a high priority. Francisco Blanch, BofA Securities Head of Global Commodities & Derivatives Research, says copper could go as high 20K per ton if the supply of scarp doesn't make it into the market. Arvind Krishna, IBM Chairman & CEO, says AI will be infused into every enterprise and every process this century. Sarah Hunt, Alpine Woods Capital Investors Portfolio Manager, says tech still has a lot of pricing power.

Amrita Sen, Energy Aspects Director of Research & Founder, says the warfare surrounding cyber attacks on companies has completely changed. Ian Bremmer, Eurasia Group President, says the gap between rich and poor countries is being felt very differently since the pandemic hit. Jared Woodard, BofA Securities Head of Research Investment Committee, says 6-9 months from now things will probably be a lot more normal than we expect. Steve Sadove, Mastercard Senior Adviser & Former Saks CEO, says the consumer is coming back with a vengeance.

Neel Kashkari, Federal Reserve Bank of Minneapolis President, says Friday's jobs number miss validates the Fed's outcome-based policy approach. Marty Walsh, U.S. Labor Secretary, says the U.S. economy still has a steep hill to climb. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the longer-run trajectory for the U.S. economy is still in place despite the jobs number miss. Jerome Schneider, PIMCO Head of Short-Term Portfolio Management, short-term benchmark rates will likely remain low well into 2023.