Allianz CIO Sees up to 75 Bps of Fed Rate Hikes After Midterms

Ludovic Subran, chief investment officer and chief economist at Allianz, expects Federal Reserve Chairman Kevin Warsh to raise interest rates by as much as 75 basis points once the midterm elections are over. "The US is running hot, and I think he cannot ignore that," Subran tells Bloomberg Television. "I do expect the US will have to act decisively on inflation, both from energy, but also from AI," he adds.