Risks to Fed Independence | Real Yield 9/19/2025

"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Wolfe Research Chief Economist Stephanie Roth, Merrill and Bank of America Private Bank Head of Fixed Income Strategy Matthew Diczok, BNP Paribas Head of US Credit Strategy Meghan Robson and Citi Head of Debt Capital Markets Richard Zogheb. Chapters: 00:00:00 - Real Yield opens 00:02:45 - Diczok: Fed Consensus is Very ‘Frayed’ 00:04:32 - Roth on Labor Market and Economy 00:06:23 - Diczok: Better for Fed to Focus on Employment and Consumer than Reaching 2% Target 00:07:42 - Roth on Yield Curve 00:09:31 - Diczok: Committee Rallied Around Powell 00:10:59 - Roth: Fed Independence is Durable 00:14:00 - Zogheb: Expect M&A Pickup 00:14:25 - Robson: Positive Backdrop for Credit 00:16:57 - Robson: Demand for fields Are Strong 00:18:58 - Zogheb on Apollo Partnership With Schroders -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts