Robert Armstrong

speaker
1,703 appearances 12 recordings 3 series first heard Oct 2025 last heard 17 Sep

Robert Armstrong’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
3 · Jan OctJan 26AprJulnow

Recordings per month over the last 12 months — 12 in all, peaking in Jan 2026 with 3.

Appearances

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So
You know, he has sort of staked his reputation on this idea that the Fed is not going to enable fiscal bad behavior anymore.
And I think uh probably Bissent would like a little bit of fiscal bad behavior in neighborhoods.
could it possibly have that.
Not because I think, you know, he's a bad guy or he's stupid or anything else, but he's he's the sitting treasury secretary in the administration.
And you know what administrations like to do is spend money.
Right?
So
There you are.
I mean that that that's the conflict to me uh i in a in a thumbnail sketch.
Cheers.
Thanks, Ed.
Well, I think with the route on Friday, you have to distinguish...
between the proximal cause and the ultimate or underlying cause.
The proximal cause is that we got the third consecutive quite strong monthly jobs report that show some life in the jobs market.
And when the economy is suddenly humming and we have a little bit of an inflation problem, it is very hard for the Federal Reserve to justify a cut in rates and they may even be pushed.
into raising rates.
And stock markets do not like higher interest rates.
But I would say there is a more significant underlying cause, like one rate increase between friends.
It's not going to change the picture all that dramatically.
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