Vice President Kamala Harris officially accepted the Democratic nomination for president on the final night of the Democratic National Convention. During her 37-minute acceptance speech, Harris emphasized the need to chart a "new way forward," with an emphasis on things like foreign policy and economic issues. In this episode of podcast Capitol Gains, host Rachelle Akuffo is joined by Washington correspondent Ben Werschkul and columnist Rick Newman as they break down everything you need to know about what’s to come in the 2024 presidential race. Werschkul remarked on the overall success of the convention for Democrats, saying, "This week couldn’t have gone better for them if they tried." However, he noted the lack of new economic policies, adding, "What we didn’t hear this week was a lot of new economic policy. Harris gave a speech on her cost-of-living plan last week, but we didn’t get much new information on that front. That remains a big question going forward."Ed Mills, Raymond James Managing Director, also joined the show, commenting on which policies might be more inflationary. "We’ve had inflation during the Biden administration, and a lot of fiscal stimulus could continue policies that could bring about a second wave of inflation, said Mills. “But as I look at some of what Trump is proposing, from tariffs to higher deficits to stricter immigration, those are all inflationary pressures. There’s a lot of conversation as to… how that could impact monetary policy.”One thing is certain, the table stakes are now set. “Now we’re going to get beyond the pomp and circumstance and get into the nitty-gritty of the last 75 days. It’s going to be really interesting to watch," added Yahoo Finance’s Rick Newman.
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