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Biden's Economy Chief Sees Jobs as More Urgent Risk Than Inflation
Posted
February 23, 2021
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February 23, 2021
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5:50Now PlayingFrom money managers at BlackRock and T. Rowe Price, to analysts at Goldman Sachs, to the credit shops run by Blackstone and KKR, a new economic reality is prompting Wall Street’s most powerful forces to adjust their investment strategies.
The rise in inflation set to accompany the post-pandemic economic boom is threatening to reverse the four-decade decline in U.S. interest rates, sparking a rush to protect the value of trillions of dollars of debt-market investments.
Bloomberg's Katie Greifeld joined Quicktake to discuss.
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