Maggie Lake Talking Markets
Episode 42: Will Trump Force Powell's Hand? With Ben Miller.
Apr 21, 2025
Ben Miller, CEO and co-founder of Fundrise, shares his insights on the turbulent state of U.S. real estate and the pressures mounting on the Federal Reserve. He discusses how President Trump's demands for rate cuts could influence economic stability and the Fed's future decisions. The conversation dives into the resilience of rental housing during downturns and the complexities of U.S.-China relations affecting the market. Miller also highlights the dynamics of Miami's luxury real estate and the potential long-term impacts of AI investments amid economic uncertainty.
41:54
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Quick takeaways
- The current market volatility reflects conflicting trade policies under the Trump administration, leading investors to question stability and direction.
- Despite economic challenges, the real estate sector may offer resilience and opportunities as demand for housing persists amid rising interest rates.
Deep dives
Market Volatility and Economic Shifts
Current market conditions are characterized by significant volatility, with US stocks experiencing sharp declines and the dollar reaching a three-year low. This turbulence reflects a broader confusion surrounding a dramatic shift in US trade policies and economic strategies under the Trump administration. The podcast highlights the emerging sentiment that this situation has evolved from merely a tariff conflict to a comprehensive capital market crisis, suggesting characteristics typically associated with emerging markets. Investors express concern about falling stocks, bonds, and the dollar simultaneously, raising questions about the market's stability and direction amidst these changes.
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