It’s the worst of both worlds: inflation remains an issue (which is why you might hike interest rates) but the job market is softening (which is why you might cut interest rates). In other words, Trump Stagflation, with a side order of political pressure on what’s supposed to be an independent Federal Reserve Board. We’ll discuss this dilemma with Sean O’Malley. And we’ll ask Joe Zepecki about the possibility that the president will send military troops to Milwaukee… just because.

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