Less Red Tape Will Boost U.S. Business Confidence: Smead

Bloomberg Video

November 17 -- Federal Reserve Chair Janet Yellen will probably be quizzed about how President-elect Donald Trump’s fiscal policies might affect the economic outlook and path for rate increases when she gives congressional testimony Thursday. Almost every Fed official who spoke publicly so far this week -- a list that includes nine of the 17 regional bank presidents and Fed governors -- has been asked how tax cuts or fiscal stimulus under Trump could affect the outlook. Smead Capital Management MD & Portfolio Manager Cole Smead discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."