Bernie Sanders discusses the possibility of running for president again and focuses on income inequality and corporate greed. Speculation on Joe Biden's health and the potential tension within the Biden camp. Investigation into Hunter Biden's connections to Ukraine and the firing of prosecutor general. The illusion of control in economic policy, China's approach, and Trump's chances of running for president again. Governor DeSantis's response to a shooting in Jacksonville and the need to address the root causes of violence.
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Quick takeaways
Bernie Sanders is positioning himself to be ready if Joe Biden's presidency weakens and he may still have a chance to influence the Democratic Party.
Investors and analysts are uncertain about the future of interest rates after Federal Reserve Chairman Jerome Powell provided little guidance on when and how inflation will be brought down to a 2% target.
The racially motivated shooting in Jacksonville highlights the need to address both racial hatred and gun violence in society.
Deep dives
Democrats Waiting for Biden's Downfall and Sanders Back in the Game
There are Democrats, including Bernie Sanders, who are waiting for Joe Biden to fail in his presidency, and Sanders is positioning himself to be ready if Biden's position weakens. Sanders recently returned to New Hampshire to lay out an agenda that speaks to the needs of the working class. There are concerns within the Democratic Party about Biden's effectiveness as president, as well as dissatisfaction with Biden's vice president, Kamala Harris. If something were to happen to Biden, many Democrats fear that Harris would not be a strong candidate. Sanders' return and continued influence suggest that he may still have a chance to influence the Democratic Party.
Jerome Powell's Unclear Path Forward on Inflation
Federal Reserve Chairman Jerome Powell recently gave a speech addressing inflation and the possibility of raising interest rates. While Powell stated that the goal is to bring inflation down to a 2% target, he provided little guidance on when and how that would be achieved. Investors and analysts are uncertain about the future of interest rates, and speculation remains about whether rates will remain high or if the Federal Reserve will decide to hold them steady. With interest rates impacting lending standards and potentially affecting the economy, many are closely watching Powell's statements and decisions.
A Shooting in Jacksonville Amplifies Debates on Guns and Racism
A shooting in Jacksonville, Florida, perpetrated by a white gunman, left three black victims dead before the shooter killed himself. The attack was racially motivated and condemned by officials as a horrific act. While the gunman's motives are being investigated, discussions continue on issues such as gun control and racism. The sheriff highlighted the importance of holding individuals accountable for their actions rather than blaming the guns themselves. The incident is a reminder of the need to address both racial hatred and gun violence in society.
Federal Reserve concerns and economic cross-currents
Federal Reserve officials are grappling with new economic cross-currents as US consumer spending has grown faster than expected, prompting concerns that it may prevent inflation from falling further. The surge in long-term government bond yields combined with weakening growth abroad could also result in a US economic slowdown that the Federal Reserve has been trying to engineer.
China's economic policy and the corporatist path
China's economic policy is driven by ideology, shifting away from free market approaches and adopting a corporatist path. China's leaders are focused on spurring the economy and making it a world-leading industrial and technological powerhouse. This approach involves government intervention, favoritism towards specific sectors or businesses, and massive borrowing. However, economists argue that this approach may not generate efficient growth and favorable outcomes for the majority of the population.
Democrats ranging from Bernie Sanders to Gavin Newsom are waiting in the wings for Joe Biden to fall down on the job; Jerome Powell spells out an unclear path forward on inflation; and we examine the latest Republican polls.
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Ep.1797
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