Inflation, Fuel Price and the President’s Fed Fight

About this episode

The episode discusses the Senate hearing for Kevin Warsh's nomination to lead the Federal Reserve and the ongoing debate over Section 702 of the FISA.

The President’s pick to lead the Federal Reserve, Kevin Warsh, faces the Senate Banking Committee today. A former Fed Governor and Morgan Stanley VP, Warsh is expected to signal a shift toward rate cuts and structural reform. However, his path to confirmation is not yet certain. FOX Business White House Correspondent Edward Lawrence joins the Rundown from the front lawn of the White House to break down the political firestorm surrounding the hearing, including why some are threatening to block the nomination until the DOJ drops its investigation into current Chair Jerome Powell. Plus, an update on the Trump administration’s strategy for "legal" tariffs and whether the U.S. can avoid long-term economic damage from Middle East supply disruptions. Section 702 of the Foreign Intelligence Surveillance Act remains a focal point of intense debate within Congress, as lawmakers have until the end of the month to extend the provision, which was put in place after the 9/11 terror attacks. Proponents argue that FISA is necessary to prevent future attacks, but critics contend that its allowance of warrantless surveillance violates Americans' privacy. Michael Allen, who served as a special…

People in this episode

Guests: Edward Lawrence, Michael Allen, David Marcus

Topics covered

• Inflation
• Fuel Prices
• Federal Reserve
• Senate Banking Committee
• Economic Policy
• Surveillance
• FISA
• Terrorism
• Cyber Threats

Keywords

• Kevin Warsh
• Jerome Powell
• Trump administration
• legal tariffs
• Middle East supply disruptions

Mentioned in this episode

Places: U.S., Middle East

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