On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss President Donald Trump’s warning that the US economy may slow down if the Federal Reserve doesn’t cut interest rates soon. On today’s show, Republican Congresswoman Nicole Malliotakis of New York, Stonecourt Capital Partner Rick Davis, Iona University Professor Jeanne Sheehan Zaino and Beacon Global Strategies Managing Director Michael Allen.
Chapters:
00:00:00 – Balance of Power Begins
00:00:27 – President Trump’s Attack on Fed Chair Jerome Powell Fuels US Selloff
00:04:54 – Bloomberg’s Tyler Kendall on Pres. Trump’s Remarks on Powell, US Market Selloff
00:07:02 – Bloomberg’s Gina Martin Adams on S&P 500 Slumps as Trump Reiterates Call for Lower Interest Rates, Stocks & Dollars Sink on Threat to Fed Independence
00:10:16 – Rep. Nicole Malliotakis (R) NY on Washington & Wall Street, Tax Cuts, Budget Reconciliation, Millionaire Tax Hike Talks
00:20:38 – Political Panel Talking About Reports on White House Looking for New Secretary of Defense, Trump Draft Proposal on Reshaping State Departments
00:31:28 – Michael Allen, Beacon Global Strategies Managing Director & Partner, on Pres. Trump Saying Good Chance of Russia, Ukraine Deal This Week
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