THE FINANCIAL COMMUTE
Hosted by Wealth Advisor Chris Galeski, THE FINANCIAL COMMUTE is a weekly podcast that gives the rundown on what's going on in the current market, how it affects you, and what you can do about it – all designed to fit into your commute. Each week Chris welcomes an expert guest, including Morton Wealth advisors, fund managers, and investment analysts, to break down complex financial topics. Our goal for this podcast is to provide you with the tools to help you navigate this challenging environment, leading to a path of more confident investing.
THE FINANCIAL COMMUTE
Trump, the Fed, and the Fight Over Interest Rates
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Chris Galeski
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Season 1
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Episode 135
On this week's episode of THE FINANCIAL COMMUTE, Wealth Advisor Mike Rudow joins Chris to discuss the Fed's decision to keep rates high.
Here are some key takeaways:
- Trump recently criticized the Fed for keeping rates high and hinted at wanting to replace Powell.
- Inflation has been stubbornly high, making it risky for the Fed to cut rates prematurely.
- Chris says the Fed is in a difficult position right now as the economy is slowing, tariffs are creating uncertainty, unemployment might be ticking up, and inflation may continue to rise.
- Trump wants rates to come down because it could help stimulate businesses and increase borrowing/purchasing power for consumers. However, if we lower interest rates too quickly, it could potentially cause inflation to shoot up which would eventually increase rates.
- Chris and Mike agree that building resilient portfolios is even more important in volatile, uncertain times like now.