Wall Street Week: BlackRock’s Rieder Sees ‘Exceptional Economy’
He says Powell waved a ‘checkered flag’ on rising rates — and credit losses
Fed Chair Jerome Powell presided over an eventful news conference on Wednesday.
Photographer: Samuel Corum/BloombergWelcome to the Wall Street Week newsletter, giving you some investing food for thought from our conversations on Bloomberg Television with some of the best minds on Global Wall Street. I'm David Westin, and this week we talked with BlackRock’s Rick Rieder about the Fed's big turn, Lauren Hochfelder of Morgan Stanley about the opportunities she sees in real estate and Glenn August of Oak Hill Advisors about investing in distressed debt. If you're not yet a subscriber, sign up here for this newsletter and for daily markets analysis from Bloomberg Surveillance.