Not Expecting Fed's Powell to Cut Rates, Schroders Says

David Rees, head of global economics at Schroders, discusses the impact of energy prices uncertainty on the Federal Reserve as the war in Iran continues. "If it is a relatively brief energy shock, I think you would look through that," he tells Bloomberg Television. He also discusses what to expect from Federal Reserve Chair Jerome Powell as the central bank prepares to deliver its interest rate decision on Wednesday. "I don't see him cutting rates. I think he's kind of backed away from that now," Rees adds. (Source: Bloomberg)