Political Speculation and Economic Analysis

The chapter delves into the speculation surrounding potential outcomes for President Biden, including scenarios where he stays, resigns, or opts not to run for re-election. There is discussion on potential successors like Kamala Harris, Governor Newsom, and others, as well as the impact of these decisions on the Democratic party. Additionally, the chapter analyzes the Fed's stance on economic growth and inflation, potential market reactions to various political actions, and the macroeconomic environments in Japan and China.