Implications of Supreme Court ruling on wealth tax proposal and the influence of Ukraine's oligarchs

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This chapter discusses the potential repercussions of a recent Supreme Court ruling on the wealth tax proposal in the US, as well as Ukraine's oligarchs and their domination of the country's economy prior to the Russian invasion.

Leading economists say the Federal Reserve will hold off on interest rate cuts until at least July 2024, and the US Supreme Court heard a case that could shut down Democrats’ attempts to impose a wealth tax. Plus, the FT’s Europe editor, Ben Hall, explains why Ukraine is cracking down on oligarchs and what it means for the country.

Mentioned in this podcast:

Economists see Fed keeping rates at 22-year high until at least July

How the US Supreme Court could thwart a prospective wealth tax

US Supreme Court appears wary of upending tax law in closely watched case

The crackdown on Ukraine’s oligarchs

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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