mr. kaplan it's kelly here, and we appreciate the explanation it raises the market's broader question about the fed's communication here and what's going to happen over the next few years. so your colleague charles evans last week said we could raise wc i hope remains, is disagreement and debate and airing it publicly i don't think that's a bad thing. i think that's a healthy thing, and i think we make better decisions. in terms of clarity, i think the markets and the public have pretty good clarity right now. the markets expect that the fed if you understa fund's rate is going to stay at zero probably until 2023 the summary of economic projections we just submitted, the median dot among fed presidents was zero through 2023 i'm a former businessperson. i think that's pretty good clarity. if there is a debate we're having about what we're going to do beyond that point, i think it's reasonable to be debating that, i hope we continue to debate that. i think it's a healthypasses, tt is one less wrinkle, one less uncertainty when it comes to the equation lastly, it comes down to is the economy s

mr. kaplan of dallas yesterday. i am just going to go to this aggregate demand. you are going to do day data check. oil, $39.94. the headline on libor is really a moment, when you go back to august of 2007, with three month libor coming down to a new record low. is this a big deal? no. but does it give me a little bit of a historical moment? yes. jonathan: equity futures are doing ok, positive two points on the s&p 500, advancing about 0.1%. we've had a cap lower in equities, led by the cyclicals. your yield, 0.67 percent on the 10 year. foreign-exchange, just a little bit of euro weakness just to get. -- euro weakness once again. joining us now on the price action, tony dwyer, canaccord genuity equity strategist. many people trying to play politics in this market right now. convince them they shouldn't. tony: how do you guess? we don't know how people are going to vote yet. it is kind of 50-50. we know biden is in the lead, but we know not to trust the polls from the last election. we don't know what the application of the supreme court nominee is going to be. w

mr. kaplan of dallas. it really works for radio.ave to tie it back up because we're going to a spacex launch in seven minutes. jonathan: what it you tie on tv and do something for radio. explain to them how you do up a bowtie perfectly. this will be brilliant on radio. tom: i have done this on video. the way you do a bowtie is you tight just like you are tying in ice skate. that is all there is to it. these bowties are fancy french ones and they are easier to tie, to be honest. jonathan: what if you have never tied in ice skate? tom: that is a problem. it is a british thing. in the real world, lots of people know that, and it is just like tying in ice skate. jonathan: the real world is anyone who plays ice hockey, and everywhere else is not the real world? i do not know why ask you to do this. tom: let me tell you about the space-x launch. jonathan: please do. tom: this is 60 many satellites into orbit to get towards internet for everybody. have we learned in this pandemic how important that is. tom: much more still to come on that.

mr. kaplan, this idea of the great dissent. can you ask plane to the general public on radio and twovision whytwo -- why people dissented? michael: it was really semantics. robert kaplan suggesting they should stick to more ambiguity because the world is going to look different in two or three years when they finally get around to it, while neel kashkari was saying we should be stronger in our guidance and say we won't liftoff until we are above 2% and start averaging. but both of them are saying a couple years from now, we are still going to have rates lower for longer, so there is not much difference. it's try to make a big deal out of it, but you are not going to see any rate moves for quite some time until we get a real inflation surprise, no one is expect and that -- no one is expect and that. tom: i think you should get two or three questions at the press conference. jonathan: that would be a good solution. i think we should do what we do at the ecb, which is ask those two questions and hold onto the mic to ask a follow-up

out there has i want to ask you know was there we felt was the waiver at this point at all asked mr kaplan is one of based upon the anticipation of future discussions to be held between the prosecution and mr cafferty or has there been an actual offer tendered i can advise that i have not made any offers to defense counsel i did take over a special prosecutor but i don't believe any offers were made prior to. my taking over the case if that at that point that's a hearing under way for jacob blake the black man who was shot 7 times in the back by a white police officer last month let's bring it out to sara such an hendra who is in kosha what do you make of what we're seeing here joan jacob blake appearing in court from his hospital bed. it's an extraordinary parents one that's been done on line for 2 reasons one because of the. situation and the other because he is paralyzed from the waist down now normally he would come into that court in a wheelchair if he were able to but he hasn't even made it out of the hospital so what happened there is that he was released on a $10000.00 bond that me

jonathan: michael mckee speaking with robert kaplan, our kathleen hays speaking with mr. bullard.row the vice-chairman of the federal reserve system after the chairman speaks today. i have one observation, that is march of 2020, it started today. lisa: march of 2021. tom: excuse me. that was a surveillance correction. lisa: it is understandable. it is all melting together. tom: so sensitive. we should probably do yoga together. march of 2021. futures up three, nasdaq up .5%. tomorrow, richard clarida, most important interview. stay with us, this is bloomberg radio and bloomberg television. ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save up to $400 a year on your wireless bill. with the carrier rated #1 in customer satisfaction. call, click, or visit your local xfinity store today. so you're a small bor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you

mckie with kaplan coming up from st. louis. mr. bullard later as well. us through the day, particularly news from washington and the tumult of these markets. this is bloomberg radio. this is bloomberg television. ♪ ♪ jonathan: from new york and london for audience worldwide, good morning. the countdown to the open starts right now. already minutes until the opening bell. monday morning price action messy. equity futures down 57. political tensions in d.c. intensifying. >> risk rising. >> the supreme court pick. >> the if and when question on fiscal stimulus. >> mixed messages out of capitol hill. >> unless we get more support. >> there is a requirement for additional fiscal stimulus. >> i think the u.s. will go back into recession. >> the election risk. >> whether this will be a clean election. >> we may have a contested election. >> a lot depends on policy. >> this is all about fiscal policy. >> policy is front and center. >> things are likely to become less clear rather than more cl