BlackRock CEO Larry Fink says the U.S. market is the most expensive relative to others and that the market today is anticipating a more centrist outcome with the French elections. Prior to that, Amherst Pierpont’s Bob Sinche says U.K. Prime Minister Theresa May’s snap election is an aggressive move in solidifying her leadership. Hiroshi Watanabe, president of the Institute for International Monetary Affairs, says monetary and fiscal policies, along with structural reform, need to take place simultaneously. Finally, Frederic Mishkin, a professor at Columbia Business School, says the Fed expanded its balance sheet to lower interest rates on the long end of the yield curve, which is much more important to consumers.
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Running time 43:51