Keep pulling the thread on Bloomberg Surveillance.
Within the last 24 hours, Iran has seized two ships and fired shots at a third vessel.
Jim Bullard predicts that in the event of a future major economic shock, such as a pandemic or financial crisis, the Federal Reserve would again implement quantitative easing-type policies.
Former Defense Secretary Mark Esper states that Iran possesses approximately 1,000 pounds of enriched uranium.
According to former Defense Secretary Mark Esper, the key issues in the current impasse with Iran are its assertion of sovereignty over the Strait of Hormuz and its nuclear program.
Iran earns approximately $450 million per day from its oil exports.
Mark Esper states that Iran has attempted to charge ships approximately $2 million each to transit through the Strait of Hormuz.
Stephanie Roth of Wolfe Research wrote that Fed chair nominee Kevin Warsh struck a more hawkish tone than anticipated in his confirmation hearing.
Trimmed mean inflation is currently running at approximately 2.3% year-over-year, while core PCE inflation is closer to 3%.
Stephanie Roth suggests Kevin Warsh's desire for more debate within FOMC meetings could lead to increased market volatility and surprises.
Stephanie Roth believes Kevin Warsh remains hawkish by nature, noting his opening remarks focused more on inflation than on the employment side of the Fed's mandate.
Former St. Louis Fed President Jim Bullard suggests the Federal Reserve should replace the dot plot with a quarterly monetary policy report to align with international central bank standards.
Jim Bullard believes it would be difficult for the Federal Reserve to pull back from its current level of transparency and revert to the less communicative 'Greenspan era'.