Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and Order Management
    • Content and Data
    • Financial Data Management
    • Integration and Distribution
    • Bloomberg Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and
      Order Management
    • Content and Data
    • Financial Data
      Management
    • Integration and
      Distribution
    • Bloomberg
      Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • Bloomberg Environment
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg
      Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg
      Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

Bloomberg UK

Switch Editions
  • UK
  • Europe
  • US
  • Asia
  • Middle East
  • Africa
  • 日本
Sign In Subscribe
  • Bloomberg TV+

    Storylines-

    STORYLINES

    A signature documentary series that follows Bloomberg's most exclusive journalism, including Businessweek's biggest stories. It breaks down the most interesting business story of the week, and explains why it matters.

    Bloomberg Radio

    Bloomberg Opinion

    Bloomberg Opinion

    "Bloomberg Opinion" columnists offer their opinions on issues in the news.

    Listen

    Quicktake

    I Love Wine - Jerez-

    I Love Wine - Jerez

    I Love Wine transports you to the best winemaking regions of the world

    Also streaming on your TV:

    • Markets
      Markets
      • Economics
      • Deals
      • Odd Lots
      • The FIX | Fixed Income
      • ETFs
      • FX
      • Factor Investing
      • Alternative Investing
      • Economic Calendar
      • Markets Magazine
      RF office fired

      Business

      US Layoffs, Hiring Freezes Are Tip of Labor Market Slowdown

      RF markets red stocks market display screen

      Markets

      Fear Has Gone Missing in Wall Street’s Slow-Motion Bear Market

      Market Data

      • Stocks
      • Commodities
      • Rates & Bonds
      • Currencies
      • Futures
      • Sectors

      Follow Bloomberg Markets

      View More Markets
    • Technology
      Technology
      • Work Shifting
      • Code Wars
      • Checkout
      • Prognosis
      Views of Nio Showroom In Shanghai Ahead of Earnings Announcements

      Technology

      China Electric-Vehicle Stocks Are All the Rage, Trouncing Tesla

      Zendesk Inc. Headquarters As Shares Falls Most In More Than Two Months

      Technology

      Blackstone-Led Group Provides $5 Billion of Debt for Zendesk

      Amazon Transphobia Story -Lina Jodoin Portrait

      Technology

      Amazon Staff Demand Ban of Books Calling Transgender People Mentally Ill

      Follow Bloomberg Technology

      View More Technology
    • Politics
      Politics
      • US
      • UK
      • Americas
      • Europe
      • Asia
      • Middle East
      Gold and Silver Production at Prioksky Non-Ferrous Metals Plant

      Politics

      US to Join G-7 in Ban on New Russian Gold Imports

      European Union Leaders Summit Final Day

      Politics

      Macron’s Party Seeks to Enshrine Abortion Right in Constitution

      Featured

      • Hong Kong's 25 Years Under China
      • Next China

      Follow Bloomberg Politics

      View More Politics
    • Wealth
      Wealth
      • Investing
      • Living
      • Opinion & Advice
      • Savings & Retirement
      • Taxes
      • Reinvention
      Tourmaline Oil Corp. Chief Executive Officer Mike Rose Interview

      Wealth

      Tourmaline Surge Propels Mike Rose’s Stake Past C$1 Billion

      Billionaires Bill Gates, George Soros Slam Supreme Court’s Abortion Decision

      Wealth

      Billionaires Bill Gates, George Soros Slam Supreme Court’s Abortion Decision

      Featured

      • How to Invest

      Follow Bloomberg Wealth

      View More Wealth
    • Pursuits
      Pursuits
      • Travel
      • Autos
      • Homes
      • Living
      • Culture
      • Style
      Canadian Trucker Blockade At The Ambassador Bridge On U.S. Canadian Border Creates Gridlock

      Politics

      With Roe Overturned, Canada Could Become an Abortion Destination

      Lightning Win Game 5, Deny Avs Chance to Take Stanley Cup

      Pursuits

      Lightning Win Game 5, Deny Avs Chance to Take Stanley Cup

      Featured

      • Screentime
      • New York Property Prices
      • Where to Go in 2022

      Follow Bloomberg Pursuits

      View More Pursuits
    • Opinion
      Opinion
      • Business
      • Finance
      • Economics
      • Markets
      • Politics & Policy
      • Technology & Ideas
      • Editorials
      • Letters
      US-WOMEN-RIGHTS-HEALTH-ABORTION-SUPREMECOURT

      Ramesh Ponnuru

      America’s Constitution Is Conservative, Like It or Not

      Anti-Abortion Activists March In Washington

      Sarah Green Carmichael

      Criminalizing Abortion Will Hurt Black Women Most

      Companies Urged To Review Abortion Coverage With Roe In Balance

      Brooke Sample

      Supreme Court Un-Separates Church and State

      Follow Bloomberg Opinion

      View More Opinion
    • Businessweek
      Businessweek
      • The Bloomberg 50
      • Best B-Schools
      • Small Business Survival Guide
      • 50 Companies to Watch
      • Good Business
      • Subscribe to the Magazine
      San Francisco Becomes First U.S. City to Pass an E-Cigarette Ban

      Remarks

      Moving to Ban Juul, the FDA Delivers a Blow to Big Nicotine

      Why You Should Quit Your Job After 10 Years

      Future of Work

      Why You Should Quit Your Job After 10 Years

      A Sci-Fi Novel’s Eerily Accurate Predictions About Today’s Tech

      Technology

      A Sci-Fi Novel’s Eerily Accurate Predictions About Today’s Tech

      Follow Bloomberg Businessweek

      View More Businessweek
    • Equality
      Equality
      • Corporate Leadership
      • Capital
      • Society
      • Solutions
      Supreme Court Overturns Roe v. Wade Abortion-Rights Ruling

      Equality

      Democratic Strongholds Plot Strategy to Ensure Abortion Access

      PROTEST

      Equality

      How Green Became the International Color of Abortion Rights

      4th Annual WIE Symposium - Day 1

      Equality

      Ghislaine Maxwell Seeks to Bar Some Accusers From Sentencing

      Follow Bloomberg Equality

      View More Equality
    • Green
      Green
      • Science & Energy
      • Climate Adaptation
      • Finance
      • Politics
      • Culture & Design
      Milan to Turn Off Fountain Spigots as Drought Bakes Italy

      Green

      Milan to Turn Off Fountain Spigots as Drought Bakes Italy

      Ioniq 5 Test Drive As Hyundai Returns to Japan With an Online-Only, All-Electric Plan

      Electric Vehicles

      Sorry Elon Musk. Hyundai Is Quietly Dominating the EV Race

      Featured

      • Data Dash
      • Hyperdrive

      Follow Bloomberg Green

      View More Green
    • CityLab
      CityLab
      • Design
      • Culture
      • Transportation
      • Economy
      • Environment
      • Housing
      • Justice
      • Government
      • Technology
      Rally Held In New York's Chinatown Protesting Violence Against Asian-Americans In Wake Of Recent Killing

      Culture

      Amid a Weekend of Demonstrations, Asian Americans Will Have Their First National Rally

      Demonstrators Attend Nationwide Protest In Support Of Abortion Rights

      Justice

      Local Officials Beef Up Abortion Sanctuary Cities

      New York City Under Heat Advisory As Humidity And Temperatures In The Upper 90's Descend On City

      Government

      Sweltering Cities Can’t Keep Enough Swimming Pools Open

      Follow Bloomberg CityLab

      View More CityLab
    • Crypto
      Crypto
      • Decentralized Finance
      • NFTs
      • Regulation
      • Technology
      BitBase Cryptocurrency Exchanges After Record Week For Volatility

      Crypto

      Bitcoin Options Point to Positive Signs After Rout, Traders Say

      Key Speakers At The Bitcoin Conference

      Crypto

      Thiel-backed Bitpanda Cuts Hundreds of Jobs on Crypto Tumult

      Bitfarms Blockchain Farm As Bitcoin Stages July Recovery

      Crypto

      Almost $4 Billion in Bitcoin Miner Loans Are Coming Under Stress

      Follow Bloomberg Crypto

      View More Crypto

Live on Bloomberg TV

CC-Transcript

  • 00:00SHE JUST DODGED THE QUESTION. ALIX: OVERALL, WE JUST GOT THE TEXT OF HER STATEMENT. YOUR RESPONSE WAS THIS WAS TOWING THE PARTY LINE MORE THAN ANTICIPATED. DO YOU SEE THAT ONCE SHE GOT INTO TALKING? MIKE: BASICALLY, A REPEAT OF WHAT SHE SAID IN HARVARD, WITHOUT THE DATES. NOW WE HAVE THIS WILD CARD OF A WEAKER LABOR MARKET, AND DOES THAT CONTINUE? SO WE WANT TO SPREAD OUT WHAT OUR POSSIBILITIES ARE. IT DOES MEAN JUNE IS OFF THE TABLE, WHICH SHE WOULD NEED IT TO HAVE ENDORSE, IN ORDER TO HAVE THEM BE A REALISTIC POSSIBILITY. JULY COULD BE ON THE TABLE DEPENDING ON THE DATA. SEPTEMBER, CERTAINLY THEY WILL WATCH. SHE IS THINKING THE ECONOMY IS GETTING BETTER. HER FRAME OF REFERENCE IS PROBABLY AN ECONOMY THAT DESERVES HIGHER RATES. THE QUESTION IS, DOES THE DATA SUPPORT THAT? ALIX: INVESTORS SEEM PESSIMISTIC . TAKE A LOOK AT THE BLOOMBERG. AS WE SAW JANET YELLEN SPEAK, YOU SAW THE ODDS EVERY JULY RATE HIKE MOVE LOWER, 29%. IN JUNE, FORGET ABOUT IT. THERE IS NO 50% OR MORE EXPECTATION OF A RATE HIKE UNTIL DECEMBER. MIKE: WHAT WAS INTERESTING, SHE SORT OF REFERENCED IN THAT WHEN SHE SAID PEOPLE IN THE MARKETS WANT TO KNOW THE EXACT TIME AND DATE THAT WE WILL CONTINUALLY DISAPPOINT THEM. I DON'T HAVE AN ARGUMENT WITH THE 2% FOR JUNE. PROBABLY OFF THE TABLE, BUT YOU WATCH THE JULY AND SEPTEMBER FIGURES. THEY WILL MOVE AROUND AS THE DATA COMES IN. AND DON'T FORGET, SHE HAS A PRESS CONFERENCE AND THEN SHE TESTIFIES TO CONGRESS. CONGRESS WANT TO GET OUT OF TOWN SO THEY CAN CAMPAIGN. SO WE WILL BE SEEING A LOT OF JANET YELLEN IN THE NEXT COUPLE OF WEEKS. THOSE NUMBERS COULD MOVE AROUND A LOT. SCARLET: ON OUR BLOOMBERG FUNCTION, ONE OF THE COMMENTS THAT WE HAVE COMPILED, A HUGE CONTRAST BETWEEN THE WAY JANET YELLEN SPEAKS, HER TONE, AND THAT OF ONE OF HER PREDECESSORS, ALAN GREENSPAN. JANET YELLEN'S OVERALL STANCE IS WE DON'T KNOW. GREENSPAN WAS, WE KNOW. DIFFERENT ECONOMIC PERIOD, BUT IT IS INTERESTING THAT THE MARKETS ARE STRUGGLING WITH THIS IDEA OF WAIT AND SEE. MIKE: THE FED HAS CHANGED ITS POLICY FROM BEING PROACTIVE TO PREACTIVE. THEY ARE FOLLOWING DATA NOW MORE THAN GETTING AHEAD OF IT. YOU ALSO HAVE A CHANGE IN THE PERSONALITY OF THE CHAIR. JANET YELLEN WAS ASKED, HOW IMPORTANT ARE YOU IN THE GRAND SCHEME OF THINGS? WITH ALAN GREENSPAN, EVERYBODY KNEW WHAT HE WANTED. SHE SAID SHE HAS NEVER HAD THREE DISSENTS SINCE SHE WAS CHAIR. YOU HAVE TO GO BACK TIME TO 2011
  • NOW PLAYING

    Parsing Yellen's Speech at World Affairs Council

  • 48:07

    Wall Street Week - Full Show (06/24/2022)

  • 01:51:48

    Bloomberg Markets: The Close (6/24/2022)

  • 07:00

    Markets React to Recession Fears

  • 11:07

    Recession Expectations

  • 07:29

    Investing in Uncertain Times

  • 08:41

    Crypto Report: Dapper Labs on NFT Market Future

  • 05:19

    At-Home Abortion Pill Startup on Roe v. Wade

  • 05:49

    Solana Unveils Web3 Mobile Phone

  • 07:23

    Supreme Court Overturns Roe: What Role for Big Tech?

  • 24:06

    Best Of the Qatar Economic Forum, Powered by Bloomberg

  • 21:39

    Bloomberg Markets: Triple Take (06/24/2022)

  • 06:17

    Roe v. Wade: What Defines a Constitutional Right?

  • 01:34:23

    Balance of Power Full Show (06/24/2022)

  • 04:33

    GLAAD CEO Says Supreme Court Could Take Away More Rights

  • 01:33

    Market 'Sea of Red' Creating Opportunities: Zuma's Spath

Stream Schedule:

U.S. BTV+
  • U.S. BTV+
  • U.S. BTV
  • Europe BTV
  • Asia BTV
  • Australia BTV
  • U.S. Live Event
  • EMEA Live Event
  • Asia Live Event
  • Politics Live Event
No schedule data available.

Parsing Yellen's Speech at World Affairs Council

  • Bloomberg Markets

  • TV Shows

June 6th, 2016, 6:03 PM GMT+0000

Bloomberg's Micheal McKee reports on Federal Reserve Chair Janet Yellen's speech at the World Affairs Council of Philadelphia. McKee speaks on "Bloomberg Markets." (Source: Bloomberg)


  • More From Bloomberg Markets

    • 06:17

      Roe v. Wade: What Defines a Constitutional Right?

      20 hours ago
    • 01:34:23

      Balance of Power Full Show (06/24/2022)

      20 hours ago
    • 22:57

      Bloomberg Equality Full Show (06/23/2022)

      22 hours ago
    • 05:18

      Parents Feel the Child Care Squeeze

      22 hours ago
    All episodes and clips
    See all shows
    Terms of Service Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved
    Careers Made in NYC Advertise Ad Choices Help