INSUBCONTINENT EXCLUSIVE:
By Ali DonaldsonOn What'd You Miss This Week, Joe Weisenthal, Scarlet Fu and Julie Hyman tackled the busy week for the Federal Reserve
President Trump made market moving headlines by saying he "wasn't thrilled" with interest rate hikes in an interview
Peter Conti-Brown, a Fed Historian at the Wharton School, and author of The Power and Independence of the Federal Reserve, came on to talk
about this break from precedent
important than it seemed.
The wall between the White House and the Federal Reserve is a relatively new one
As Conti-Brown pointed out, that didn't work out too well for him
The Fed didn't listen, and Bush lost the 1992 election
Conti-Brown said one of the biggest consequences could be the Fed becoming the latest institution to become dogged by partisan
politics.
Before being dragged into the latest news cycle, Jerome Powell had told lawmakers he wanted to "stay in his lane" of monetary
policy and out of politics
Jens Nordvig, CEO and Founder of Exante Data, came on to discuss what we learned from those two days of Congressional testimony and his
increased transparency as Chair
Nordvig told us why despite the flattening yield curve giving people recession jitters, he still sees plenty of stimulus coming down the
pipeline.
Then we turned to President Trump's other market moving front
Terry Haines, Evercore ISI Senior Political Strategist, and Peter Tchir, Academy Securities Head of Macro Strategy, both came on to debate
the United States 's trade war
Are markets being too complacent about tariffs or are they too glued to the headlines Tchir warned it might take a little while to hit the
data, but the trade war is real, "very serious" and would have a real economic impact
Tchir argued large companies may be able to ride out the trade storm, but small and mid-size firms that have been responsible for 70 percent
growth would be hit first and have more trouble reacting.
Haines noted we cannot look at the issue of trade in a silo
Trade deals are inextricably connected to other thorny issues, he noted, including Kim Jong Un
"As long as China maintains and keeps up the pressure on its client state North Korea to denuclearize, they have a chance of getting
marginally better conditions on trade," Haines said
He also predicted enacting tariffs on imported cars under the guise of national security would be a "bridge too far" for Congress.
Then
Erika Nardini, CEO of Barstool Sports, joined to talk about why the more than fifteen-year-old brand she runs is more like a two-year old
business, and what changed when she came to the helm two years ago
Nardini also discussed the challenge of finding versus maintaining an audience, and how their brand finds people where they live these days:
