DUH-pler. Equal parts strategist+wonk. Ex-Capitol Hill, Former Big Tech leader. Decoding policy & market decisions for how they actually affect YOU.#OnWisconsin
Inflation is so high that it's erasing all wage gains.
Inflation: 4.2% in May for the past year
Wage growth: 3.4% in May for the past year.
Americans are getting squeezed financially. This isn't just "bad vibes" about the economy. There is real pain, especially for middle-class and lower-income households. It's tough because so many basic items are seeing sizable price increases: gas, electricity, food, medical care.
Now AI is getting blamed for a "secret" OVERemployment problem? https://t.co/zIYTzatfwu
9.3 million Americans now work more than one job. The most ever recorded.
But here's the thing: AI didn't do that. Policy did.
My husband, both a creative visionary and business genius, on the premiere of his first documentary film which premiered on @CNN last night:
For Delta, putting its name on this film — briefly, almost invisibly — is a statement about what a brand can stand for when it stops trying to sell something. "The consumer is really smart," Springer said. "They see through inauthenticity." With 500,000 screens in the air every day, Delta has a platform unlike almost any other. The bet is that what people most want, somewhere above the clouds, is to feel something real. https://t.co/AQL7iJOApW
Powell responding to the most pressing Q of if interest rate forecasts adjustments are a result of increased oil prices or reduced consumption: “A number of people mentioned if we were ever going to skip an SEP, this would be a good one”
The only thing certain is uncertainty.
As widely expected, the Federal Reserve left interest rates unchanged, as the spike in oil prices threatens to both push up inflation and slow down growth. Projections still show one quarter-point cut this year.
Statement: https://t.co/9AhDaUAcBr
Full coverage: https://t.co/k7WwYAzJQA
Tried something new on the podcast today, so as a treat my listeners get a little BTS story about my time on cable news https://t.co/O25DAYI0f0 via @YouTube
GOP Senator on the Banking Committee (Tillis announced previously that he would not seat a new Fed nominee as long as the DOJ investigation continues. He is also retiring this year)
Kevin Warsh is a qualified nominee with a deep understanding of monetary policy. However, the Department of Justice continues to pursue a criminal investigation into Chairman Jerome Powell based on committee testimony that no reasonable person could construe as possessing criminal intent. Protecting the independence of the Federal Reserve from political interference or legal intimidation is non-negotiable.
My position has not changed: I will oppose the confirmation of any Federal Reserve nominee, including for the position of Chairman, until the DOJ’s inquiry into Chairman Powell is fully and transparently resolved.