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Nick’s work at WSJ: https://www.wsj.com/news/author/nick-timiraos
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Nick’s book https://www.amazon.com/Trillion-Dollar-Triage-President-Pandemic/dp/0316272817
Nick’s article on Fed and 2024 election: https://www.wsj.com/economy/central-banking/fed-interest-rate-cut-inflation-politics-a6e527de
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Timestamps:
(00:00) Introduction
(12:35) VanEck Ad
(13:14) Interview Continues
(19:35) What Would It Take For The Fed To NOT Cut In September?
(24:17) Is The Federal Reserve Worried About A Weakening Labor Market?
(25:44) Immigration's Impact On U.S. Labor Market
(31:41) The Housing Market
(36:41) Permissionless Ad
(37:40) Politics And The Fed: "September Rate Cut Would Thrust Fed Into Brutal Election Campaign"
(47:24) It's Simply A Fact: Former President Donald Trump Likes Low Interest Rates
(50:37) Could Donald Trump Fire Fed Chair Jay Powell If Re-Elected President?
(54:49) Economic Forecasting Is Very Difficult, And There Is Always A Point of Data That Confirms One View Or Another
(57:47) What If High Interest Rates Are Actually Stimulative? Nick Doesn't Buy It (And Neither Does The Fed)
(01:02:44) The Way The Fed Thinks About Financial Conditions
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
