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International Community Isn't Confident in U.S. Policy, Sinche Says

19 Jul 2017

Contributed by Lukas

Robert Sinche, a global strategist at Amherst Peirpont, says there's a lot of political and monetary uncertainty in the U.S. Then, Donald Straszheim, ...

Obamacare Marketplace Is Failing, Eurasia's Lieber Says

18 Jul 2017

Contributed by Lukas

Jon Lieber, Eurasia Group's director of U.S. practice, says the federal government will have to step in as the Obamacare marketplace fails. Prior to t...

Health-Care Bill Must Be Defeated, Penn's Emanuel Says

17 Jul 2017

Contributed by Lukas

Ezekiel Emanuel, chairman of medical ethics and health policy at the University of Pennsylvania, says the health-care bill must be defeated. Prior to ...

Businesses Have Less Pricing Power Right Now, Dallas Fed President Says

14 Jul 2017

Contributed by Lukas

Dallas Fed President Robert Kaplan says businesses have far less pricing power right now and to expect wage pressures to mount in the months ahead. Pr...

There's 'Desired Chaos' in the White House, Rattner Says

13 Jul 2017

Contributed by Lukas

Steve Rattner, Willett Advisors' chairman, says Trump isn't interested in advice or suggestions in running his White House. Prior to that, Mario Gabel...

Fed Must Raise Rates and Shrink Balance Sheet Thoughtfully, Hill Says

12 Jul 2017

Contributed by Lukas

Arkansas Congressman French Hill says Fed governors need banking, business and a mixture of experience. Prior to that, Bruce Kasman, JPMorgan's chief ...

Central Banks Around the World Have Overreached, Plosser Says

11 Jul 2017

Contributed by Lukas

Charles Plosser, the former Philadelphia Fed president, says central banks around the world have overreached and Randal Quarles's nomination would be ...

Trump 'Wounds' Are Self-Inflicted, Valliere Says

10 Jul 2017

Contributed by Lukas

Greg Valliere, Horizon Investments' chief global strategist, says Trump's "wounds" are self-inflicted by his sensitivity to criticism and inability to...

We're Not In a Bond Rout Yet, Gross Says

07 Jul 2017

Contributed by Lukas

Bill Gross, a fund manager at Janus Henderson, says the bond market isn't in a rout yet and to expect one more Fed rate increase this year, likely in ...

Russians Are Interfering in Western European Politics, Hormats Says

06 Jul 2017

Contributed by Lukas

Robert Hormats, Kissinger Associates' vice chairman, says Russia is clearly trying to undermine stability among European countries within the NATO all...

The Great Posen/Ryding Debate

05 Jul 2017

Contributed by Lukas

Adam Posen, the president of the Peterson Institute for International Economics, and John Ryding, RDQ Economics' chief economist, agree to disagree on...

Abe Has a Chance to Get His Party Back on Track, Feldman Says

03 Jul 2017

Contributed by Lukas

Robert Feldman, a senior advisor at Morgan Stanley MUFG, says Shinzo Abe has an opportunity to get his party back on track and Japan wants to play a m...

Three Percent Unemployment: The Optimism of Unicredit

30 Jun 2017

Contributed by Lukas

Harm Bandholz, Unicredit's chief U.S. economist, talks about his optimistic view of the unemployment rate and says it would be positive for the U.S. i...

Banks Are Facing a 'Toxic Cocktail,' Kass Says

29 Jun 2017

Contributed by Lukas

Doug Kass, president of Seabreeze Partners, says headwinds in the banking industry could be a "toxic cocktail." Prior to that, Peter Hooper, Deutsche ...

McConnell Will Get His Health Care Votes, Former HHS Secretary Says

28 Jun 2017

Contributed by Lukas

Former Secretary of Health and Human Services Michael Leavitt says Mitch McConnell will ultimately get his 50 votes for health care but will need heav...

Google Denied Europeans the Benefits of Competition, Vestager Says

27 Jun 2017

Contributed by Lukas

Margrethe Vestager, the European commissioner for competition, says Google demoted rivals in favor of Google Shopping. Prior to that, Neal Soss, Credi...

Trump Needs to Be President and Stop Tweeting, Mayor Walsh Says

26 Jun 2017

Contributed by Lukas

Boston Mayor Martin Walsh says Trump needs to stop tweeting and focus on issues like infrastructure and the opioid epidemic. Prior to that, William Le...

US Jobless Rate Will Drop to 3.5% Next Year, Hyman Says

23 Jun 2017

Contributed by Lukas

Evercore ISI Chairman Ed Hyman explains why he's so optimistic about the U.S. jobless rate. Mark Haefele, UBS Wealth Management's global chief investm...

Rising Home Prices Aren't 'Bubble Mentality,' Shiller Says

22 Jun 2017

Contributed by Lukas

Robert Shiller, a professor at Yale University, and Peter Wallison, a former Reagan White House counsel, discuss the state of the housing market and D...

Senate's 'Secret' Health-Care Bill Is a Worry, Magaziner Says

21 Jun 2017

Contributed by Lukas

Seth Magaziner, Rhode Island's general treasurer, says Rhode Islanders are most concerned about the Senate's "secret" health-care bill. Prior to that,...

Dollar’s Strength Shows Trust in Trump, Mnuchin Says (Correct)

21 Jun 2017

Contributed by Lukas

U.S. Treasury Secretary Steven Mnuchin talks about the dollar’s strength and tells David Gura that the Trump administration hasn’t yet made a deci...

Amazon Got Whole Foods for Free, Kantor Says

19 Jun 2017

Contributed by Lukas

Neuberger Berman's Charles Kantor says Amazon effectively got Whole Foods for free as its shares spiked. Prior to that, Hans Humes, CEO of Greylock ...

Amazon-Whole Foods Deal Could Be Tech or Grocery, Profusek Says

16 Jun 2017

Contributed by Lukas

Robert Profusek, partner and chair of global M&A at law firm Jones Day, says he doesn't know whether Amazon's decision to acquire Whole Foods is a...

Clarida Sums Up Yellen's News Conference: 'Trust Me'

15 Jun 2017

Contributed by Lukas

Richard Clarida, a professor at Columbia University, discusses Janet Yellen's news conference and says there's evidence of the Phillips Curve effect i...

Leaks and Backstabbing Pushed Loyalty to Forefront, Carson Says

13 Jun 2017

Contributed by Lukas

Ben Carson, U.S. Housing and Urban Development Secretary, says leaks and backstabbing have pushed Trump's arguments about loyalty to the forefront. Pr...

Why GE Is The Number One Large Cap Pick, According to Heymann

12 Jun 2017

Contributed by Lukas

William Blair's Nick Heymann tells Tom Keene and David Gura why GE is "hands down" the number one large cap pick. Prior to that, Nicholas Burns, a pro...

Brexit Future is Uncertain After Election, Says Rosenberg

09 Jun 2017

Contributed by Lukas

Jeffrey Rosenberg, BlockRock's chief fixed income strategist, says the U.K. election results raise uncertainty of a hard or soft Brexit. Prior to that...

Comey Not Obligated to Say All in Open Session, Haines Says

08 Jun 2017

Contributed by Lukas

Terry Haines, Evercore ISI's senior political strategist, says James Comey is under obligation to say everything he knows, but could save some comment...

Washington Turmoil May Slow Economic Growth, Bill Gross Says

07 Jun 2017

Contributed by Lukas

Janus Henderson fund manager Bill Gross says risk from turmoil in Washington is a consideration for investors and could slow U.S. economic growth. Pri...

California Governor Says U.S. Needs to Step Up Its Game

06 Jun 2017

Contributed by Lukas

Jerry Brown, governor of California, says China's rising power and U.S. division has reduced America's global merit. Prior to that, Joseph Quinlan, he...

Summers Says Trump Rejects Modern Science

05 Jun 2017

Contributed by Lukas

Lawrence Summers, the former U.S. Treasury Secretary, says he's troubled by the Trump administration. Prior to that, Stephen King, HSBC's senior econo...

Gross Says Weak Jobs Data Won't Stay Fed on Rates

02 Jun 2017

Contributed by Lukas

Bill Gross, a fund manager at Janus Henderson, says the job data was weaker than expected, but the Fed will still raise rates. Prior to that, Jeffrey ...

Trump Would Undercut U.S. by Ditching Paris, Whitman Says

01 Jun 2017

Contributed by Lukas

Former EPA administrator Christine Todd Whitman says dropping out of the accord could undercut America's position in the world. Prior to that, Brian L...

Dallas Fed's Kaplan Says Fed Should Tighten Policy Patiently

31 May 2017

Contributed by Lukas

From the Council on Foreign Relations in New York City, Dallas Fed President Robert Kaplan tells Tom Keene that the Fed should tighten policy patientl...

Ryanair CEO Calls British Airways' Recovery Plan 'Incompetent'

30 May 2017

Contributed by Lukas

Ryanair CEO Michael O'Leary says British Airways' problems lie in its disaster recovery program, not outsourcing. Prior to that, Tobias Levkovich, Cit...

A More Populist Trade Policy Would Shock Markets, Jalinoos Says

26 May 2017

Contributed by Lukas

Shahab Jalinoos, Credit Suisse's global head of FX strategy, says financial markets have scaled back interest in foreign trade and have reverted to co...

GOP's Brooks Defends Proposed U.S. Budget as 'Responsible'

25 May 2017

Contributed by Lukas

Alabama Rep. Mo Brooks says Trump's proposed budget aims to prevent the U.S. from sliding into insolvency. Prior to that, Gabriela Santos, JPMorgan As...

Vilifying Wall Street Is a Big Mistake, Mary Jo White Says

24 May 2017

Contributed by Lukas

Mary Jo White, the former SEC Chair, says class warfare against Wall Street isn't healthy. Prior to that, Michael Wilson, Morgan Stanley's chief U.S. ...

Ex-CIA Head Discusses Terrorism, Russia, & Intelligence Sharing

23 May 2017

Contributed by Lukas

Former CIA Director James Woolsey says we must recognize that we're at war with terrorists and that reorganization of the intelligence community has p...

The President Speaks in Jerusalem

22 May 2017

Contributed by Lukas

President Trump delivers a speech in Jerusalem and says that Iran must immediately stop backing terrorism. Prior to that, Jerome Schneider, PIMCO's he...

President Trump Is Strongly Committed to NATO, Stoltenberg Says

19 May 2017

Contributed by Lukas

NATO Secretary General Jens Stoltenberg says President Trump has told him that he is strongly committed to NATO. Prior to that, Robert Hormats, Kissi...

A Closer Look With Arthur Levitt: Jeffrey Sachs (Audio)

19 May 2017

Contributed by Lukas

Apr.29 (Bloomberg) -- Arthur Levitt, former chairman of the U.S. Securities and Exchange Commission, interviews Jeffrey Sachs, Columbia University pro...

There Is Resistance to Debt Relief, Papaconstantinou Says

18 May 2017

Contributed by Lukas

George Papaconstantinou, the former Finance Minister of Greece, says there's deep-seated resistance to debt relief. Chris Grisanti, the founder of Gri...

FBI Does a Good Job of Upholding Rule of Law, Hosko Says

17 May 2017

Contributed by Lukas

Ron Hosko, the former assistant director of the FBI, says it's standard practice of every FBI agent to take notes in longer interviews and convert the...

The Future of Smart Cities Special: Spotlight on Infrastructure

16 May 2017

Contributed by Lukas

As part of Infrastructure Week 2017, Bloomberg gathered federal and local leaders in Washington DC for a conversation on the critical challenges facin...

McConnell Explains His Pick of Merrick Garland for FBI

16 May 2017

Contributed by Lukas

Mitch McConnell, the Senate majority leader, tells Bloomberg's Kevin Cirilli why Garland should head the FBI. Prior to that, Peter Hooper, Deutsche Ba...

OPEC's Influence Is No More, Weinberg Says

15 May 2017

Contributed by Lukas

Carl Weinberg, the chief economist at High Frequency Economics, says OPEC's influence on oil prices is "increasingly decreasing." Michael Cannon, Cato...

China Isn't Manipulating Currency, Commerce Secretary Ross Says

12 May 2017

Contributed by Lukas

China isn't manipulating its currency, says U.S. Secretary of Commerce Wilbur Ross, adding that some things about the Volcker Rule can change. Prior t...

The Optics of This Administration Are Hideous, Stavridis Says

11 May 2017

Contributed by Lukas

James Stavridis, dean of the Fletcher School at Tufts University, says it's remarkable to see the National Security Advisor and the FBI Director both ...

Blood Is in the Water in Trump's Administration, Valliere Says

10 May 2017

Contributed by Lukas

Greg Valliere, Horizon Investments' chief global strategist, discusses James Comey's dismissal and says Trump's agenda is stalled and tax reform is de...

Macron Is a Modern Monarch, Fenby Says

09 May 2017

Contributed by Lukas

Jonathan Fenby, TS Lombard's director of European political research, and RBS Chairman Howard Davies discuss Emmanuel Macron's speech at the Louvre, t...

France's Macron Will Disrupt Everything, Publicis CEO Says

08 May 2017

Contributed by Lukas

Maurice Levy, the outgoing CEO of Publicis, says Emmanuel Macron will disrupt everything because he's young and has the will and determination to add...

Real Economic Growth Is a 2% Number Going Forward, Gross Says

05 May 2017

Contributed by Lukas

Bill Gross, a fund manager at Janus Capital, says real economic growth in the U.S. is a 2 percent number going forward. Prior to that, Jean-Claude Tri...

It's a Do-or-Die Moment for Oil Bulls, Schork Says

04 May 2017

Contributed by Lukas

Stephen Schork, editor of the Schork Report, says it's a do-or-die moment for oil bulls and that it's clear that OPEC has failed to balance markets. P...

Surveillance Special: Tom Keene Speaks With Ben Bernanke

03 May 2017

Contributed by Lukas

In a special edition of Bloomberg Surveillance, Tom Keene speaks with former Federal Reserve Chairman Ben Bernanke ahead of the central bank's latest ...

Freedom Caucus Founder Hopes for a Health-Care Vote This Week

03 May 2017

Contributed by Lukas

Jim Jordan, House Freedom Caucus founder, says he hopes Congress will vote on health care this week and that President Trump resonates because he has ...

Bloomberg's Talev Talks About Trump Oval Office Interview

02 May 2017

Contributed by Lukas

Bloomberg's Margaret Talev speaks about the Oval Office interview she and colleague Jennifer Jacobs conducted with President Trump, in which he reite...

Trump Listens to Jamie Dimon, William Rhodes Says

01 May 2017

Contributed by Lukas

William Rhodes, CEO of William Rhodes Global Advisors, says Trump has been inviting to corporate chiefs and that he listens to JPMorgan's Jamie Dimon....

Bloomberg Surveillance: Can Malls Claw Their Way Out?

01 May 2017

Contributed by Lukas

Byron Carlock of PWC joins Tom Keene and David Gura on Bloomberg Surveillance to discuss the precarious future of America’s shopping malls.See omnys...

Trump Is Getting a Civics Lesson in First 100 Days, Haass Says

28 Apr 2017

Contributed by Lukas

Richard Haass, president of the Council on Foreign Relations, says Trump is getting a lesson in Civics 101 and is seeing the strength of independent i...

The World Is Trading Between Companies, Not Nations, Lee Says

27 Apr 2017

Contributed by Lukas

William Lee, chief economist at the Milken Institute, says the regulatory environment doesn't inspire the use of capital to create investments that bo...

E.U. Banks Haven't Embraced Cross-Services Reform, O'Neill Says

26 Apr 2017

Contributed by Lukas

Jim O'Neill, the former U.K. commercial secretary to the Treasury, says E.U. banks have never embraced true cross-services reform and that American ba...

European Financial Stocks Will Do Well, Herro Says

25 Apr 2017

Contributed by Lukas

David Herro, CIO at Harris Associates, says European financial stocks will do well and BNP Paribas is still a good value. Prior to that, Adair Turner,...

French Are Fed Up With Traditional Political Elite, Attias Says

24 Apr 2017

Contributed by Lukas

Richard Attias, chairman of Richard Attias & Associates, says French voters are fed up with the traditional political elite and are writing a new ...

French Election Isn't a Big Short-Term Risk, Blanchard Says

21 Apr 2017

Contributed by Lukas

Olivier Blanchard, former chief economist at the IMF, says the French election isn't a big short-term risk and the lack of informed economics debate i...

Three Rate Hikes Is Still a Good Baseline, Kaplan Says

20 Apr 2017

Contributed by Lukas

Robert Kaplan, president of the Dallas Fed, says three Fed rate hikes is still a good baseline and that the central bank's unwinding of its balance sh...

U.S. Market Is the Most Expensive, Fink Says

19 Apr 2017

Contributed by Lukas

BlackRock CEO Larry Fink says the U.S. market is the most expensive relative to others and that the market today is anticipating a more centrist outco...

French Election More Important Than U.K. Election, Konstam Says

18 Apr 2017

Contributed by Lukas

Dominic Konstam, Deutsche Bank Securities Global Rates Research Head, said a weak sterling reflects the U.K. may struggle to get a good Brexit deal. J...

U.S. Startups Need Immigrants, AOL Co-Founder Says

17 Apr 2017

Contributed by Lukas

Steve Case, co-founder of AOL, discusses the outlook for technology and innovation and says U.S. startups need immigrants. Julian Emanuel, an equity a...

Fed Doesn't Need to Reduce Balance Sheet, Kocherlakota Says

13 Apr 2017

Contributed by Lukas

Narayana Kocherlakota, a Bloomberg View columnist and former president of the Federal Reserve Bank of Minneapolis, says it would be hard for Trump to ...

IMF's Lagarde Says Protectionism Is a Global Threat

12 Apr 2017

Contributed by Lukas

IMF Managing Director Christine Lagarde says protectionism's a threat and we should assess currency moves on a global basis. Marc Chandler, the head o...

Smaller U.S. Companies Are Fine, JPMorgan's Michele Says

11 Apr 2017

Contributed by Lukas

Bob Michele, JPMorgan's chief investment officer, says small and mid-cap companies in the U.S. are fine and that's being reflected in small-business c...

Manufacturing Is Moving at a Good Pace, Toyota's James Says

10 Apr 2017

Contributed by Lukas

Toyota Motor President Wil James and Kentucky Governor Matt Bevin discuss Toyota's $1.33 billion investment in a Kentucky plant. Prior to that, Carl W...

We Want New, Modern Glass-Steagall, Cohn Says

07 Apr 2017

Contributed by Lukas

Gary Cohn, the former Goldman Sachs president who is now director of the National Economic Council, says the U.S. needs a 21st-Century Glass-Steagall ...

China May Retaliate by Taxing U.S. Goods, Locke Says

06 Apr 2017

Contributed by Lukas

Gary Locke, a former U.S. ambassador to China, says a border tax would affect China and raise the price of imported goods. Prior to that, Stephen Roac...

Yen May Move to 150 Per Dollar, Shilling Says

05 Apr 2017

Contributed by Lukas

Gary Shilling, president of A. Gary Shilling and a Bloomberg View columnist, discusses the Japanese Yen and says China's growth is slowing. Prior to t...

Rice's Actions in Trump Intelligence May Be Improper, Lake Says

04 Apr 2017

Contributed by Lukas

Bloomberg View columnist Eli Lake says Susan Rice's actions may not be illegal but improper is another question. Prior to that, Bob Hormats, the forme...

Democrats Need Message for Working Class, E. J. Dionne Says

03 Apr 2017

Contributed by Lukas

E.J. Dionne, the Washington Post columnist and senior fellow at the Brookings Institution, says Democrats need to craft a compact message for the work...

Sen. Warren Would Defend Dodd-Frank to the Death, Eisman Says

31 Mar 2017

Contributed by Lukas

Steve Eisman, a money manager at Neuberger Berman Group, discusses bank regulation and says too little leverage in the banking system is bad. Peter Na...

Corporate Tax Reform Will Help Markets, Holland Says

30 Mar 2017

Contributed by Lukas

Michael Holland, chairman of Holland & Co., says getting some kind of corporate tax reform in the next six months will help the markets. Absolute ...

Faster Economic Growth Requires Structural Reform, Buiter Says

29 Mar 2017

Contributed by Lukas

Willem Buiter, Citigroup's chief economist, says faster economic growth requires structural reforms, more capital expenditure and an elimination of tr...

German Banking Market Needs to Be Restructured, Herro Says

28 Mar 2017

Contributed by Lukas

David Herro, CIO of Harris Associates, says Germany is one of the worst markets for banking because it has a competitive marketplace. Prior to that, T...

Aspects of Financial Crisis Still Linger, Crescenzi Says

27 Mar 2017

Contributed by Lukas

Anthony Crescenzi, a Pimco money manager, says inaction in Washington has hurt the U.S. economy. Greg Valliere, Horizon Investments' chief global stra...

U.S. Equities Aren't the Only Game in Town, Levitt Says

24 Mar 2017

Contributed by Lukas

Brian Levitt, a senior strategist at OppenheimerFunds, says there's going to be a pause in markets as we deal with the reality of politics. Peter Tagu...

The Russians Hacked Our Election, Slaughter Says

23 Mar 2017

Contributed by Lukas

Anne-Marie Slaughter, the president of New America Foundation, says the Russians hacked the presidential election and the U.S. needs to respond, but t...

GOP Handling Health Care Worse Than Democrats, Emanuel Says

22 Mar 2017

Contributed by Lukas

Zeke Emanuel, a senior fellow at the Center for American Progress, says there should be a bipartisan approach to health care. Prior to that, Harm Band...

Tillerson Is Making a Mistake by Skipping NATO, Stavridis Says

21 Mar 2017

Contributed by Lukas

Admiral James Stavridis, the dean of Tufts University's Fletcher School, says Secretary of State Rex Tillerson's decision to skip April's NATO meeting...

2% Inflation is a Ceiling Not a Target, Kashkari Says

20 Mar 2017

Contributed by Lukas

Jeffrey Sachs, Columbia University Professor of International and Public Affairs, said President Trump has turned the world against the U.S. Phil Verl...

Elmendorf: Mistake for Trump Not to Fill Positions Quickly

17 Mar 2017

Contributed by Lukas

Gabriela Santos, JPMorgan Asset Management Global Market Strategist, said equities will escape the sideways market. Doug Elmendorf, Former CBO Direct...

Trump's Budget Is Borderline Incompetent, Furman Says

16 Mar 2017

Contributed by Lukas

Jason Furman, a senior fellow at the Peterson Institute, discusses Donald Trump's budget proposal. Peter Hooper, chief economist at Deutsche Bank Secu...

Trump Fuels Higher Real Yields, Ruskin Says

15 Mar 2017

Contributed by Lukas

Alan Ruskin, global co-head of head of currency research at Deutsche Bank Securities, warns that U.S. investors risk losing their "animal spirits." Jo...

Health Care Cost Is the Biggest Concern, Slavitt Says

14 Mar 2017

Contributed by Lukas

Andy Slavitt, the former administrator of the Centers for Medicare and Medicaid, says politicians must make progress on the health-care bill, without ...

Trump Must Offset Higher Spending, MacGuineas Says

13 Mar 2017

Contributed by Lukas

Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, says there's room for debate on where to spend federal dollars. Prio...

Current Job Growth Unlikely to Continue, Gross Says

10 Mar 2017

Contributed by Lukas

Janus Capital's Bill Gross says it's a stretch to think that job growth will continue. Prior to that, Michael Cannon, the Cato Institute's director of...

Trump Has Woken Up Animal Spirits, Dimon Says

09 Mar 2017

Contributed by Lukas

JPMorgan CEO Jamie Dimon says consumer and small-business confidence have skyrocketed under Trump's growth agenda. Prior to that, former ECB President...

Wilbur Ross Says He Hasn't Taken a Position on Border Tax

08 Mar 2017

Contributed by Lukas

U.S. Commerce Secretary Wilbur Ross says he's still studying a border adjustment tax and hasn't yet taken a position on it. Prior to that, Kate Moore,...

House of Lords Shouldn't Set Brexit Conditions Now, King Says

07 Mar 2017

Contributed by Lukas

Mervyn King, former governor of the Bank of England, discusses the role that the House of Lords plays in the Brexit process. Catherine Mann, the OECD'...

Forecasts for Productivity Growth Are Uncertain, Blanchard Says

06 Mar 2017

Contributed by Lukas

Olivier Blanchard, the former IMF chief economist, says forecasts for productivity growth are uncertain. Prior to that, Edward Alden, a senior fellow ...

Fed Isn't Committed Enough to Price Stability, Goodfriend Says

03 Mar 2017

Contributed by Lukas

Marvin Goodfriend, an economics professor at Carnegie Mellon University, says that if the Federal Reserve were really committed to price stability, re...

Blinder Expects Up to Four Fed Rate Hikes This Year

02 Mar 2017

Contributed by Lukas

Alan Blinder, former vice-chairman of the board of governors of the Federal Reserve, expects three to four rate hikes this year. Prior to that, Bill L...

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