Central banks: "Just another form of taxation"

In a week that saw US equities return to their pre-“Liberation Day” levels, Medley Advisors’ analysts consider the next steps for the US, European and Brazilian central banks.

“The Federal Reserve doesn’t think that it has a particular edge in guessing where this economy is going from here,” says US analyst and Fed-watcher Michael Redmond. “There could be some inflationary concerns that keep the Fed on pause for a while … but ultimately, I view tariffs as just another form of taxation and a particularly regressive one that also causes a lot of supply-chain uncertainty along the way”.

In this edited and abridged podcast from Medley's weekly meeting, the speakers - in order - are Tim Jones (Europe), Redmond, Pepijn Bergsen (Europe), and Mario Lima (Brazil).