Fed Signals Shift: Tariffs, Economy, and NVDA in the Crossfire
Schwab Network · Schwab Network
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Show Notes
Bill Lee breaks down the latest comments from Federal Reserve Chair Jerome Powell and what they mean for the economy. Lee says Powell's shift in tone on inflation is being underreported, and he's starting to side with doves who think the impact of tariffs on prices may be temporary. Lee also discusses the potential for a September rate cut and the risks of a policy mistake, as well as the impact of foreign direct investment deals on the economy. Lee also weighs in on the U.S.-China trade relationship, as well as the impact of the trade war on companies like Nvidia (NVDA), which is caught in the middle of the chip battle between the U.S. and China.
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