About this episode

The episode discusses Kevin Warsh's first interest-rate decision as Federal Reserve chair and its implications for the tech rally and inflation.

“A rising tide lifts all ships” means that when the overall stock market is moving higher, many individual stocks tend to rise along with it. But can the current technology-driven rally continue, or are investors becoming too dependent on a small group of major companies? In this episode, we discuss Kevin Warsh’s first interest-rate decision as Federal Reserve chair and why we believe keeping rates unchanged was the right move. Warsh delivered a disciplined message, explaining that the Fed has a plan but does not want to make unnecessary projections about an uncertain future. His decision to move away from traditional forward guidance may be good for long-term investors who want markets to operate on economic fundamentals, but more difficult for short-term traders looking for clues about the Fed’s next move. Warsh also announced expert task forces that will examine major issues facing the Fed, including communication, inflation measurement and the quality of economic data. We also discuss Hillary Clinton’s surprising support for President Trump’s Gaza plan, the difference between headline CPI and core CPI, what fiat currency actually is and whether the broader market can continue…

People in this episode

Hosts: James Walters, Brandon West

Topics covered

• interest rates
• inflation
• technology stocks
• economic fundamentals
• market insights
• Federal Reserve decisions

Mentioned in this episode

Organizations: Federal Reserve, West & Walters Tax and Wealth Management, President Trump

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