Jim Bianco, a financial expert from Bianco Research, discusses the recent Federal Reserve meeting and its implications for the economy. He shares insights on how Trump's tariffs might not trigger a recession and critiques government spending and its impact on economic stability. Bianco examines the current market dynamics, emphasizing the challenges posed by rising interest costs and the need for active bond management. He also contrasts the outlook for U.S. markets with Europe and China, shedding light on the potential for recovery despite low GDP growth forecasts.