Squawk Pod The Fed, A “Fool,” & College Politics 5/8/25
May 8, 2025
Ted Cruz, the U.S. Senator from Texas, shares insights on AI competition and discusses the implications of tariffs and price controls on Medicaid drugs. Scott Bok, former chair of the University of Pennsylvania’s board, reflects on the shifting political dynamics and culture on college campuses amid recent geopolitical tensions. The conversation also touches on President Trump’s trade deals and the current economic landscape, making for a captivating discourse on technology, politics, and education.
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Episode notes
Fed's Cautious Monetary Policy
- The Fed remains cautious, holding rates steady amid uncertainty on tariffs' economic impact.
- Inflation and employment risks have both risen, requiring more data before rate changes.
AI's Transformative Impact
- AI is a transformative technology poised to surpass the impact of the Internet from the 1990s.
- The U.S. must win the AI race against China with a supportive regulatory environment.
Use Tariffs as Leverage
- President Trump should use tariff leverage to negotiate lower tariffs globally.
- Lower tariffs would boost American jobs, business, and productivity historically.
