On this episode of Power and Market, the roundtable responds to Zohran Mamdani winning his primary in New York City, the rising MAGA attacks on the Fed, and the ceasefire in the Middle East.
Category:
World News
May PCE inflation rises to 2.3%. Remember when Powell predicted inflation would soon be back at 2 percent back in September?
Trump wants more inflation. Warsh, Hassett and Bessent are among those under consideration as Trump evaluates their commitment to cutting rates.
President Trump called for Israeli Prime Minister Benjamin Netanyahu’s corruption trial to come to an end in a strong show of support for the Israeli leader.
Contrary to the expectation of the Luddites, we have only become wealthier than before and workers today enjoy much higher standards of living than workers in the past.
Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule.
Unfortunately, central bankers can’t wave a magic wand and make price inflation disappear while the same central bankers also push easy money to force down interest rates.
Socialist mayoral candidate Zohran Mamdani has emerged as a serious challenger to Andrew Cuomo in the race for mayor of New York City. If Mamdani wins, he promises to vastly expand government control of housing and businesses there.
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Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending.