Warsh Declines Comment on Any Discussion With President Trump

“Balance of Power” focuses on the intersection of politics and global business. On today’s show, Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) say they would not have raised interest rates and discuss the impact of higher rates and inflation on consumers. In a Truth Social post, Trump said that US rates “should be 1%, or less.” Chris Phelan, White House Council of Economic Advisers chairman, agrees and says anyway you measure it – inflation is coming down.

Chapters:

00:01:53 Bloomberg’s Mike McKee on Kevin Warsh, Fed Decision and Inflation Outlook
00:05:36 Power Moves: Top Financial Moves
00:07:46 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) on Rates and Economy
00:11:57 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) on $5,000 Trump Dividend
00:13:23 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) Discuss the Stop Rogue AI Act, AI Regulation
00:20:00 Bloomberg Economics’ Becca Wasser and Bloomberg’s Courtney McBride on Cost of US Naval Blockade on Iran
00:25:29 Chris Phelan, White House Council of Economic Advisers Chairman, on White House Reacts to Fed Rate Hike
00:32:01 Chris Phelan on Diesel Prices and Inflation Concerns
00:34:32 Chris Phelan on Trump’s Proposed $5,000 Dividend Checks
00:36:52 Political Panel Reacts: Fed, Inflation and Economy, Trump Campaigns for Michael Whatley in North Carolina, Russia Sanctions and Presidential Tariff Authority
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