plus, an interview with jay powell.he thinks about raising interest rates and congressional attempts to audit the central bank. stay with us. ♪ >> live, from bloomberg headquarters in new york. this is market makers. with erik schatzker and stephanie ruhle. stephanie: welcome back. i'm stephanie ruhle. fabio: i am's fabio savoldelli filling in for erik schatzker. stephanie: microsoft has raised almost $11 billion in its biggest bond sale ever. the company increased sales by more than 50% of demand. microsoft is one of a handful of companies with top aaa ratings. leon cooperman says he is embarrassed by last year's performance. in a letter the ceo of omega advisors says the firm missed its mark on foreign energy. the portfolio is down almost 3% to the year. january was a big month for another hedge fund firm. bridgewater associates, the world's largest hedge fund manager posted an 8.3% gain last year -- westmont. -- last month. spiderman will be reunited with marvel comics lineup of superheroes. sony pictures will produc

. >> fed governor jay powell sat down for an interview. it was a wide-ranging interview.stuck out to me was jay powell's comments about the audit the fed movement. >> it is a huge movement. >> rand paul give a speech. >> this is about getting congress into the meeting by meeting making of monetary policy. over time, we have learned that when that happens, elected politicians want more accommodative policy that results in bad economic outcomes. we have had lower inflation and it is under control. why we would change that now is a mystery to me. >> the issue here is how much control should congress have over the fed. his argument is that the less control congress has, the better the fed does. >> yes. >> this goes back to 1951. >> the push in congress for an audit is an violent conflict with the fed. >> i will leave other people to debate this, but it is important to bring this up. >> his father, the congressman paul, dr. paul he has made this a staple of his campaign. this is a huge part of appealing to the right if you are going to run for president. >> yes. >> it is a bas

i'm not sure jay powell is convinced of that yet. >> he is convinced of challenging efforts in congress for oversight of the federal reserve. >> he offered a spirited attack on the legislative push in congress to audit the fed. he said it is an attempt by lawmakers to metal directly in monetary policy and in his view, that is a mistake. >> this is about getting congress into the meeting by meeting making of monetary policy. over time, we have learned when that happens elected politicians what more accommodative policy that results in bad economic outcomes. susie gao exclusion was enacted, we've had lower inflation. why we would change that now is a mystery to me. >> he and the rest of the fed know they have a fight on their hands. the bill has 31 cosponsors, including majority leader mitch mcconnell. >> peter cook, thank you. the "economist" magazine buttonwood gathering is focused on the future of finance and global economic growth stop the chairman of the u.s. council of economic advisers spoke at the event in new york and joins me here in the studio. it's a pleasure to have you on th

. ♪ >> earlier we heard from jay powell and his reaction to the republican push to force the fed to openooks. >> nothing the fed does happens on monetary policy without the whole world watching. the idea there is some secret thing happening is just false and violent conflict with the facts. >> what does congress want to do? bills in the house and senate call for the elimination -- joining us now is the congressman sponsoring the bill in the house, scott garrett from new jersey. and mort zuckerman is staying with me on this. exactly what -- this kind of bill has been brought to the house six times since 2009. what do you hope to accomplish with this? >> it is the frat pack. we are trying to build accountability -- bring accountability and transparency to the fed. it is the only thing that stands between extensive, broad regulatory powers of the fed and the american people. when congress has constitutional oversight response ability that has not been able to fully implement over the years as the regulatory authority and power of the fed has expanded immensely -- >> a very fair argument. th