Bloomberg Surveillance

Charles Plosser, Former Philadelphia Fed President, says the Fed needs to declare its independence and regain control of monetary policy. Tobias Levkovich, Citi Chief U.S. Equity Strategist, says investors are chasing momentum. Chris Krueger, Cowen Washington Research Group Managing Director, says the crux of the phase four fiscal stimulus bill is the split between lawmakers over unemployment benefits. Kathy Hochul, New York Lieutenant Governor, stresses the urgent need for greater federal stimulus in New York. Matt Winkler, Bloomberg Editor-in-Chief Emeritus, discusses the rise of socially conscious investing amid the coronavirus pandemic.