How much power does the Fed really have?
Summary
This episode examines persistent inflation driven by supply chain issues and tariffs, leaving the Fed with limited tools. It explores how rising prices are eroding consumer confidence and real wages, while AI’s potential to disrupt labor raises questions about future tax structures. The show also covers volatile transportation orders, celebrates Route 66’s centennial, and highlights tribal water conservation efforts amid Colorado River drought.
Topics discussed
Intro: Century Insurance and Marketplace welcome
Inflation remains high; Fed struggles with supply-side issues
Consumer confidence drops as real wages lag inflation
AI's impact on taxes and the case for consumption taxes
Market numbers and Smucker's earnings report
Ads: Optum healthcare and Gusto payroll software
Durable goods orders rise due to transportation equipment
Route 66 centennial: Blue Swallow Motel owners
Colorado River drought and Gila River tribal water rights
Vietnam's trade surplus and listener survey promo
Listen ad-free on Castria