• Trump economy will be unpredictable: top economist

  • Nov 13 2024
  • Length: 25 mins
  • Podcast

Trump economy will be unpredictable: top economist

  • Summary

  • The Federal Reserve arguably has never been under a greater microscope than right now, excluding of course the Great Financial Crisis period. Fed chief Jerome Powell is likely to face fresh pressure from returning president Donald Trump. Powell has been steadfast in saying he will not let Trump push him around and will not resign if asked. Meanwhile, markets have rallied hard in recent months on expectations for further interest rate cuts from the Fed. Not delivering those cuts could have ramifications for investors worldwide. Yahoo Finance executive editor Brian Sozzi talks with Deutsche Bank chief US economist Matthew Luzzetti about the future of monetary policy. The direction of policy in 2025 will be key to sustaining the rally markets have enjoyed, many pros say. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. 00:00-Matthew Luzzetti joins Opening Bid 02:00-State of economy 05:30-Consumer fundamentals 13:00-Looking at stagflation 15:30-Impact of immigration policy on the economy 20:00-Chaos or calm under Trumponomics Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky. Matthew Luzzetti is Chief US Economist and Head of US Economic Research at Deutsche Bank in New York. In 2017, Matthew was named to Business Insider's Rising Stars on Wall Street Under 35. Learn more about your ad choices. Visit megaphone.fm/adchoices
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