Hour 1: The future of the Federal Reserve.

Governor Kathy Hochul of New York delivered her State of the State address yesterday, outlining plans and proposed improvements for New York City. Hochul is seeking reelection, raising the question of whether Nassau County Executive Bruce Blakeman could challenge her successfully. In an unexpected development, Mayor Zohran Mamdani and former President Trump allegedly exchange text messages twice a week. Mark takes your calls! Mark interviews author John Carney from Breitbart News. Carney explains that even if Jerome Powell is replaced as Federal Reserve Chair, he could continue to wield significant influence as a “shadow chairman.” The discussion also turns to speculation about who might become the next Fed chair, with Carney highlighting the housing market as the most pressing economic challenge.

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