Here's your summary from Bloomberg Surveillance 06/13/2024 (https://www.youtube.com/watch?v=FPTpp_cg7Qw) on the Bloomberg Television channel:

### TLDR:

The Federal Reserve is divided on monetary policy, with some members believing rates should stay steady while others see the need for cuts.

### Key Points:

1. The Fed is signaling a potential rate cut this year, but there is disagreement among committee members on the long-term equilibrium rate.

2. Chair Powell believes the current policy is not overly restrictive, but there is uncertainty about the future path of inflation.

3. The scatter dot plot shows a range of beliefs among policymakers, with some expecting no rate cuts this year and others anticipating multiple cuts.

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