quantitative easing was the easiest brand of tequila that the Fed had been pouring into that punch ball for literally 12 years which is just fed speak for manipulating interest rates to absurdly low levels. Investors aren't going to get rewarded for the risks that they're taking and a month or so ago the rate was up to 9%. anybody who bought when the rate was under 4% has just gotten singed on their on their principal amount you know it can change over time but so the Fed on Friday reiterated that he's very serious about fighting inflation and he's going to continue raising interest rates.
Today’s co-host is William D. Cohan! He and Kara discuss a dire warning from the Fed, and a potential antitrust case against Apple. Plus, Truth Social is struggling, and the @WhiteHouse Twitter is getting feisty. Charter's Kevin Delaney joins to discuss the future of work.
You can find William on Twitter at @WilliamCohan, and Kevin at @delaney
.Send us your questions by calling us at 855-51-PIVOT, or via Yappa, at nymag.com/pivot.
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