The Fed Should be Hiking Rates, Says Stein
Federal Reserve officials have gone out of their way this week to stress the market is underestimating the odds of an interest-rate increase this year -- and yet the probability of such a move has fallen back below 50 percent. The view policy makers will be on hold for a long time isn’t “consistent” with what the central bank is saying, San Francisco Fed’s John Williams said Thursday. New York’s William Dudley said on Tuesday the market is underestimating the likelihood of increase. Oxford Economics Asset Management Director Gabriel Stein discusses with Bloomberg's Manus Cranny on "Countdown."