Darrell Spence

Darrell Spence, an economist at Capital Group, discusses the recent downgrade of the U.S. credit rating and its implications for the economy and investment strategies. He highlights the staggering $37 trillion national debt and the rising interest rates reshaping investor priorities. The conversation touches on the uncertainty surrounding tariffs and the potential for a recession, coupled with political indifference towards the growing debt. Spence also emphasizes the need for effective policy changes to manage government spending while celebrating women's milestones in sports.

Capital Group economist Darrell Spence provides insights on the U.S. interest rates and inflation trends, discussing the Fed's stance on rate cuts and the risk of a recession. The podcast explores challenges in inflation control, the impact of rising rates on the stock market, and the outlook for interest rates in 2025 and beyond.