Why Yellen Should Be Cautious About Hiking Rates

Three weeks ago, Federal Reserve officials sounded like they needed a reason not to hike interest rates soon. Now, they’re in search of a reason to consider any change in policy. “Unless something unexpectedly positive happens, they’re likely on hold for the next couple of meetings,” said Carl Tannenbaum, chief economist at Northern Trust Corp. in Chicago. Fed Chair Janet Yellen sketched a cautious and uncertain view of the economy in testimony before lawmakers in Washington Tuesday. Stanhope Capital CIO Jonathan Bell discusses with "On the Move" hosts Guy Johnson and Caroline Hyde.

Full Show: Surveillance (09/20)
52:54 - Bloomberg Surveillance hosted by Tom Keene, Francine Lacqua, and Nejra Cehic. Guests include former Bank of England Governor Mervyn King, Sir Martin Sorrell, chief executive officer at WPP Plc, and Richard Haass, president at Council on Foreign Relations. (Source: Bloomberg)
  • Full Show: What'd You Miss? (09/20)
  • What to Watch for in the Federal Reserve's Decision
  • Full Show: Surveillance (09/19)