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Podcast: Wealth Formula Podcast
Episode: Trump, Federal Reserve, inflation, economic strategy, asset bubbles, state-directed capitalism, income inequality, AI, credit dynamics, global economy
Description: Something big is happening in Washington right now, and it has the potential to reshape everything you and I do as investors. A few weeks ago, the Trump administration attempted to remove Fed Governor Lisa Cook, only to have an appeals court block the move on legal grounds. At almost the same time, Stephen Miran—one of Trump's economic advisers—was confirmed by the Senate to the Fed's Board of Governors by a razor-thin margin. On one side, an attempted subtraction. On the other, a confirmed addition. All of this is happening right before a major policy meeting, and it's not...