Susan Page
š¤ SpeakerAppearances Over Time
Podcast Appearances
So it's a kind of mixed economy.
You do see the president pushing the Federal Reserve Board to lower interest rates.
That would juice up the economy if the Federal Reserve went along and did that.
Well, of course, Powell was also appointed by Trump, but he has not been a friendly ear for Trump's entreaties to lower interest rates.
And that's because he's expressed alarm about what it might do to inflation.
That is always a balance the Federal Reserve tries to strike.
Now, Warsh is a figure from Wall Street.
He's served on the Fed before.
He's a respected figure.
And he almost certainly will be more likely
to be attuned to Trump's attitude on this than Powell has been.
In fact, Trump has made it clear that that is all but a condition for his appointment, that he will move to lower interest rates.
So it's entirely possible that we'll see that ahead.
So you're not likely to see a solution on these subsidies, these expanded subsidies for people who are covered by the Affordable Care Act.
That was the issue in the longest shutdown we've ever had of the government, 43 days.
But you are going to hear a lot about it.
You're going to hear about it from Democrats.
because Democrats will make the argument that this is really problematic for a lot of Americans, for millions of Americans who had come to count on those expanded subsidies.
We've seen healthcare premiums in some places spike by two or three times with the expiration of those subsidies.
It's prompted some Americans, millions of Americans actually, to drop their healthcare coverage.