Experts Urge Congress to Pursue Fiscally Sustainable Path Amid Global Market Pressures

Patterson: Congress Needs a More Fiscally Sustainable Path

Rebecca Patterson, Senior Fellow at CFR and former Chief Investment Strategist for Bridgewater Associates, lays out four ways to bring down long-term bond yields: open the Strait of Hormuz, address the fiscal deficit, Treasury intervention, or an economic slowdown that no one wants. Patterson adds that Congress needs to find a more fiscally sustainable path. She speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s "Balance of Power." (Source: Bloomberg)