Kyle Bass, founder of Hayman Capital Management, joins "Squawk Box" to discuss China's economy, the markets, the Fed's role in helping the economy during the crisis and more. After unleashing the most aggressive programs to support markets and the economy in its history, the Federal Reserve is likely to pause any additional initiatives until it has more information about how those moves are working and what lies ahead.
That does not mean, however, that central bank officials won’t have some news in store when they meet this week.
In the months since the coronavirus has ripped through the nation and the world, the Fed has slashed its benchmark interest rate to near zero and launched a variety of programs that also look to get money to households and businesses in need.
Wall Street expects the Fed to keep a lid on interest rates into the foreseeable future and continue to run its liquidity and lending programs for as long as it takes to get the U.S. economy back on its feet and financial markets running smoothly.
Outside of that, it has other work to do, and some moves could be revealed when the Federal Open Market Committee wraps up its meeting Wednesday. On the agenda, according to economists and strategists, could be more explicit guidance about how long rates will stay low, some tinkering with other rates to make sure the benchmark funds level is where it should be, and asset
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