Bloomberg Daybreak EU

Michele: Fed is 'Terribly Behind the Curve'

Michele

Fed is 'Terribly Behind the Curve'

8:14

(Bloomberg) -- A lot of investors hope for something more dovish from Janet Yellen's final Fed minutes, but the Central Bank was right to sound a hawkish note says Bob Michele, Head of Global FICC at JPMorgan Asset Management. He tells Daybreak Europe's Caroline Hepker and Markus Karlsson that the Fed is much more likely to hike four times than three times this year. They discuss the U.S. Economy, and the pain point for rising Treasury yields.

Feb 22, 2018