CNN 5 Things Powell’s warnings, black smoke in Vatican, Biden’s first interview & more
May 7, 2025
This discussion dives into the tangled web of economic uncertainty as tariffs cloud the Federal Reserve's outlook. It also covers the Vatican's voting process for a new pope and reflects on a verdict from the trial of officers involved in the tragic Tyre Nichols case. Additionally, insights from a preliminary report on a deadly helicopter crash add depth to the conversation. Former President Biden's candid critique of Trump's foreign policy provides a political twist, leaving listeners contemplating the interplay between personal beliefs and politics.
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Powell on Tariffs' Economic Impact
- Jerome Powell warns sustained tariff increases could slow growth and increase inflation.
- The Fed stays cautious with rates, considering possible cuts depending on economic data.
First Pope Vote's Crucial Role
- The first pope vote signals key positions and potential outsiders.
- Without a clear frontrunner, the process may take longer than previous conclaves.
Tyre Nichols Trial Outcome
- A jury acquitted three former Memphis officers charged in Tyre Nichols's fatal beating.
- The officers face federal charges despite the state acquittal, showing dual legal processes.