Fed's Warsh 'Destined to Disappoint' Trump, JPM's Michele

Bob Michele of JPMorgan Asset Management said the U.S. economy is "in pretty good shape" in an interview on Bloomberg Surveillance. The comment is broadly constructive on the macro backdrop but contains no specific data, policy shift, or market-moving forecast. Impact is likely limited to framing around growth, rates, and fixed income sentiment.

Analysis

Bob Michele of JPMorgan Asset Management said the U.S. economy is "in pretty good shape" in an interview on Bloomberg Surveillance. The comment is broadly constructive on the macro backdrop but contains no specific data, policy shift, or market-moving forecast. Impact is likely limited to framing around growth, rates, and fixed income sentiment.