Joe Mathieu

What he said about India's Prime Minister Modi and his culpability regarding Russia's war in Ukraine.

Let's listen.

Modi's war was the headline on the front page of every major newspaper this morning in India, and it led all of their newscasts when he said that last evening.

It was considered an insult and framed to be inaccurate.

What do you make of this rhetoric coming from the White House?

President Trump and Prime Minister Modi have domestic politics.

It's already happening.

We're reporting that in March, Beijing began quiet outreach to India.

President Xi wrote a letter to test the waters on improving ties.

I have less than a minute, and I don't want to cut you off, Ambassador, but where does this end with this letter?

There you have it from Nicholas Burns, the former U.S.

ambassador to China and the Biden administration.

Ambassador, thank you for your insights.

As we now turn for his unique view on balance of power to Larry Summers, the former U.S.

Treasury Secretary in the Clinton administration, of course now Bloomberg Wall Street Week contributor.

Mr. Secretary, welcome back to Bloomberg TV and radio.

Will we look back on this day as the day that Fed independence died?

And I don't think it's safe to say this is the beginning of the politicization of the Fed.

Secretary, the current Treasury Secretary Scott Besson said today in the President's Cabinet meeting, the Fed's independence comes from a political arrangement between itself and the American public.

Having the public's trust, he said, is the only thing that gives it credibility.