BlackRock’s Rieder: Federal Reserve Rate Cuts Needed to Tame Inflation

Rick Rieder, chief investment officer of global fixed income at BlackRock Inc., makes the case for the Federal Reserve to cut rates to tame inflation because Americans are earning more than they have in years from their fixed-income investments. He joins David Westin on "Wall Street Week."
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[@nicolasbenson009]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

[@berniceburgos-]

I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.

[@tatianastarcic]

Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.

[@Michaelparker12]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@tatianastarcic]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@BridgetMiller-]

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

[@nickvin7447]

You mean rate cuts needed so your real estate will actually sell? Not happening.

[@markettrader911]

This was world class gaslighting. What an evil man 😂

[@SiddhantSaraf0]

Can you explain? I'm curious.

[@KalelSonOfDurel]

He's trying to say his entire bond portfolio is worthless compared to treasuries. Everybody point and laugh at the clown.

[@brianwhitehawker1756]

Is there anything like proof recession stock? I am 58 years and would like help in managing my retirement portfolio which is currently $1.25M...down from a high of $1.67M

[@JamesScott433]

The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

[@lucaswilliams9992]

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

[@yeslahykcim]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@lucaswilliams9992]

Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@Jadechurch-ql3do]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@marble296]

Complete liar. Westin didn't challenge him at all.

[@marcuscook5145]

"Federal Reserve Rate Cuts Needed to Tame Inflation" LMAO What? I think he's concerned about how much money they're going to lose on those houses in a coming recession. If anything, we need 10% rates.

[@jtrealfunny]

This conversation should include income inequality and our dual economy with asset oriented people doing well while wage earners continue to be marginalized and lack security 4:00 credit to guest for talking about who is benefitting and who is suffering in this environment Inflation, in my experience through the 70's, produces winners and losers. My parents did amazingly well on the house they bought in 1976. Wage earners are victimized in so many ways that inflation seems like the least of it and their wages should (could) keep pace. Holders of money hate inflation, they take a direct hit, financial assets suffer, and bond holders traditionally get crushed. There's a lot of money and power on the low inflation at whatever cost side of the debate. Hyper inflation, especially if extended and is say above 10 or 15 percent starts to change peoples behavior, indicates societal breakdown, and should (could) be avoided at all cost. Guest is right to point out that the easiest way to resolve the fiscal mess is to inflate our way out of it. Take it from the man.

[@R0M8N]

Increase rate

[@sumitomoO0O]

Finally Erdogan's theory of high interest rates cause high inflation has a new supporter

[@maneugeni]

Mr. Voodoo economics😂

[@rahfx5485]

Houses are for living in, not speculating

[@melsenbabe]

Must've attended the Erdonomics School of Monetary Policy For Kids Who Can't Count Good.

[@cwaddle]

Bad rep for blackrock

[@straightdrive6192]

😧 When you realize the watch that he is wearing is more expensive that the car you are diving., and then this man is asking for a rate cut.

[@davidmoeller17]

looks like Apple watch, is it something else?

[@swb3248]

His talking his book. His desire for low rates is self serving

[@rahfx5485]

Rieder is right here, but needs to take it one step further. Regardless of the ability to finance the higher rates from higher incomes or gov deficit spending, the market will front run any deflationary collapse from the Fed. Terminal policy reflexivity.

[@oleonard7319]

And the ppi number went up by .5%

[@seriatim8527]

Rate cuts to tame inflation!!!

[@willscui]

Can't understand what he said, rich getting more from high interest rate and companies with more cash doesn't care about the rate; mortgage is high, poor net worth is car loans etc; so reducing interest rate will reduce inflation. High intelligence stuff.

[@danielmarquardt4341]

😂😂😂

[@damianhirst87]

Lower interest rates is only another way to save the face to the government, which will have more time to reduce the debt. In any case, QE opened a Pandora vase: we already know that a trust crisis on the debt will not generate higher rates as the Fed will buy treasuries and push down rates. The only real valve left is the dollar: and that is why gold is so high and will keep going higher.

[@stardestroyer44]

Coke head Rieder. Such a brilliant man, he's the only person calling for rate cuts to tame inflation. Brilliant!!

[@michaelhutchings6602]

How does making it easier to borrow money tame inflation?

[@sumitomoO0O]

To lower inflation you have to tax those rich people who holds huge amount of stocks and bonds...richest 400 american families paid 8% tax on their earnings while janitor pays ordinary rates

[@objectivethinker3225]

This is wrong. Please stop spreading propaganda. The top 1% of income earners earn 20% of all income and pay 40% of all income taxes. Inflation in the last few years is primarily caused by excessive government fiscal spending.

[@JaZaarMercury]

Dear Jerome , please increase the rates . I like earning risk-free interest without gambling in the stock casino.

[@milosnestorovic1594]

Political Stability...

[@method341]

As an investor, I whole heartedly welcome rate cuts. It's strange to see so many people hating on rate cuts in a Bloomberg video. Are you guys even invested? Or bots?

[@AR-rn8ok]

Rate cuts aren’t just needed to strengthen supply chains but to stop a real estate collapse that will leave the whole country in a downward spiral that would take a many years to recover from. The real estate sector and other key indicators are lagging and because the fed is waiting for evidence to show up before a cut, it will fail to proactively cut in time, and the cut will come so late it will trigger a horrible downturn.

[@acornsucks2111]

Collapse my rear. You have been crying for two years.

[@silversurfer3909]

Rates are normal. Prices are detached from reality. Sober up.

[@AR-rn8ok]

@@silversurfer3909 it’s not rates but coupling the historic velocity of increases with the amount increased that are going to destroy the market. Leveraged industries can handle these rate hikes so long as they get them slowly over time so they can adapt. All at once can become wreckless and turn into a lot of pain.

[@silversurfer3909]

@@AR-rn8ok where were your ilk when prices shot up detaching from fundamentals? Velocity in unaffordability was not your concern during the 15+years of easy money either. And a 50% crash in asset values folks who don't have much is well, not much. In essence the only folks this crash would actually affect financially are those who borrowed/leveraged. And rightly so. We should infact tame the beast of unfettered manipulation with higher yet interest rates.... You know like God speed it.

[@MarkIrmina]

I’ve been yelling from every roof top that the FED is causing inflation since the shelter inflation makes up the majority weighting of the CPI. They need to lower rates to get to 2.00

[@garyxie2327]

crap The shelter inflation comes from $5 trillions excessive Fed printing, not the hiking rates at all.

[@MarkIrmina]

@@garyxie2327 yes shelter inflation started increasing after the money printing which caused real estate prices to increase. But housing payments are based on mortgage payments. Mortgage payments are higher because the FED raised interest rates. Even at the top of Covid 3rd Quarter 2021 mortgage payments were less than they are today.