Podcast appearances and mentions of Jerome Powell

There's a new boss over at the Federal Reserve. Is he going to be any different than the old boss? Midweek Memo host Mike Maharrey delved into that question this week. He notes that Warsh certainly sounds different. But he's stepping into the same situation that Jerome Powell left. Mike explains why that will likely limit Warsh's options, meaning the old new boss may end up acting just like the old boss when it's all said and done.  Mike also highlights the ever-growing Debt Black hole by breaking down the May federal budget deficit numbers.

In this Daily Editorial, Craig Hemke, Founder and Publisher of the TF Metals Report, joins me to analyze the unusual intra-day swings in the precious metals market ever since the signing of the US/Iran MOU ending the war, and since Kevin Warsh chaired his first FED meeting and addressed the markets last week.   In this episode, we cover:   Technical Levels to Watch:   Craig comments on the break-down in gold and silver below the 200-day moving average, resulting in weakening pricing momentum. This is creating the potential for gold to dip below it's double bottom around $4,100 and silver to retest or dip below its double bottom around $61.   Even if gold breaks below $4,000 into the mid $3,000s or if Silver breaks $61 and heads down to the $54 support level from last falls “double-top,” Craig points out that still would not invalidate the larger bull market trend of the last few years. He points out we may need that last capitulation move this summer to wash out any remaining weak hands, and to then base and bring in the new buyers that cause shorts to cover and begin a new upleg. We review again the very low “open interest” levels on the COT report, and how this lower level of market participation can cause unusual intra-day price swings in both directions.   Kevin Warsh's First Fed Meeting and Press Conference:   We contrasted the outlook and approach Kevin Warsh outlined last week versus the approach to data collection and forecasting that his predecessor Jerome Powell had taken. The markets took Warsh's comments "this committee will deliver price stability,"  to be a hawkish hold, since he indicated focusing on the higher inflation readings. The Fed funds futures are now anticipating 1-2 rate hikes this year versus the initially market anticipated rate cuts, coming into this year.   The Macroeconomic Fundamentals Haven't Changed:   Sovereign debt remains at record levels and most nations can not endure interest rates that go up to drastically. Throughout history, central banks have opted for printing more money and driving interest rates meaningfully lower, to inflate their way out of economic challenges, and to pay off higher interest debt with lower-rate debt.  Even if we see some initial hawkish rate hikes, Craigs doesn't anticipate that we'd have long to wait after that before monetary policy adjusts course in the opposite direction, in a more dovish playbook. Overall, central banks continue to add gold to their balance sheets versus adding more US or foreign treasuries. We also noted that many individuals and financial institutions have been rotating some of their bond holdings into the precious metals complex. All that really changed over the last few months was the black swan of a war in the Middle East; and now that it appears to be winding down, we'll see if the prior pre-war trends reassert themselves over the fullness of time.   Click here to visit Craig's website – TF Metals Report – https://www.tfmetalsreport.com/   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

You Didn't Get SpaceX? Don't Worry, There Are Other Mega IPOs Coming You may feel like everyone got into SpaceX except you, and now you're wondering: Should I buy shares today? Is there something better coming next? The reality is that several other massive IPOs could be coming sooner than many investors realize. At the top of the list are OpenAI, with an estimated valuation of $852 billion, Anthropic, with an estimated valuation of $965 billion, Stripe, with an estimated valuation of $159 billion, and Databricks, with an estimated valuation of $134 billion. Before you get too excited about these potential offerings, or beat yourself up for missing SpaceX, consider what the historical data tells us. Research examining 1,724 U.S. IPOs between 2011 and 2024 found that the average IPO gained approximately 23% on its first day of trading. However, over the following three years, those same IPOs underperformed the broader market by an average of 25 percentage points. The study also found that since 1980, companies coming public with at least $100 million in annual sales and a price-to-sales ratio above 40 experienced an average decline of 45% from their first-day closing price. For current SpaceX shareholders, there could still be a near-term catalyst. Under Nasdaq's fast-entry rules, newly public companies can become eligible for inclusion in the Nasdaq-100 after just 15 trading days. However, both the S&P 500 and the Dow Jones indexes currently maintain a 12-month waiting period before new companies become eligible for inclusion. If your appetite for risk remains high, you'll likely have opportunities to speculate on OpenAI, Anthropic, Databricks, and other AI-related companies when they eventually go public. But an interesting question remains: When these AI giants hit the public markets, will investors who bought SpaceX at the IPO decide to sell some of their shares and rotate into the next hot AI opportunity? There are plenty of unanswered questions, which is exactly why we prefer not to invest based on hype, headlines, or fear of missing out. Instead, we focus on financial fundamentals, valuation, cash flow, and long-term business quality. Exciting stories can drive prices higher for a while, but over time, fundamentals tend to matter most.   What Can the Nifty Fifty and Tech Bubble Teach Us About Today's Market? Every market cycle has a story. In the early 1970s it was the "Nifty Fifty." In the late 1990s it was the internet and technology boom. Today it is artificial intelligence. The late 1990s we saw the technology boom where the internet was a revolutionary innovation that truly changed the world. Investors were correct about the technology but wrong about what they should pay for it. Companies with little revenue and no profits traded at astronomical valuations. The Nasdaq saw a five-fold increase between 1995 and early 2000. When the bubble burst, the fallout was severe. The Nasdaq ultimately lost almost 80% of its value. Hundreds of companies disappeared. Even industry leaders such as Cisco, Intel, and Microsoft experienced stock declines of 50% to 90%. Many investors assumed technology would continue growing forever and overlooked the simple fact that stock prices had already discounted years of future success. After peaking in March 2000, it took over 15 years for the Nasdaq to reclaim its previous high in April 2015. Often times I hear people say this time is different because unlike many internet companies in 2000, today's AI leaders are highly profitable businesses generating enormous cash flow. So, let's take a look at the Nifty Fifty as another, maybe more similar example. The Nifty Fifty era was built around the belief that a small group of dominant companies were so good that valuation no longer mattered. Investors piled into stocks such as Coca-Cola, IBM, Xerox, Polaroid, McDonald's, Sears and others. These companies were viewed as "one-decision stocks “buy them and never sell them. Investors would make excuses for the valuations because the businesses were strong. Through 1972, these firms averaged 22% annual earnings growth over the previous five-year period and had great profitability with an average return on equity over 22%. The problem was as enthusiasm grew, valuations expanded dramatically, with many trading at 40 to 60 times earnings despite an economy growing much slower. Then reality arrived. The 1973-74 bear market combined with inflation, rising interest rates, and an economic recession caused many of these stocks to fall 50% to 80%. The S&P 500 fell over 14% in 1973 and more than 26% in 1974. Most of the companies survived and remained successful businesses, but investors who paid excessive prices often waited a decade or longer to earn satisfactory returns. Today's AI boom has similarities to both periods. Like the Nifty Fifty, investors are concentrating heavily in a small number of dominant companies. Like the tech bubble, there is widespread excitement surrounding a transformational technology that is likely to reshape entire industries. However, history reminds us that even great companies can become poor investments when expectations become too optimistic. During every major market cycle, investors eventually discover the difference between a great business and a great stock. The key lesson from both the Nifty Fifty and the dot-com era is that transformative technologies often live up to their promise. What investors frequently get wrong is the price they are willing to pay for that future growth. AI may ultimately be every bit as revolutionary as investors believe. The bigger question is whether today's stock prices already reflect much of that future success. As we've learned from previous cycles, when expectations become too high, excellent results may not be enough to satisfy the market.   Private Credit Funds Are Facing High Redemption Requests Again This Quarter For the first quarter of 2026, redemption requests in several private credit funds exceeded the industry-standard 5% quarterly redemption cap. Second-quarter requests appear to be even higher. BlackRock's flagship private credit fund received redemption requests totaling 13.3% of fund assets, up from 9.3% in the first quarter. BlackRock has indicated it will continue to honor only up to 5% of redemption requests per quarter. Blackstone is facing a similar situation. Investors requested redemptions equal to roughly 10% of fund assets, and the firm also appears committed to maintaining its 5% quarterly redemption limit. Cliffwater may be facing the greatest pressure. Its $31 billion private credit fund received redemption requests totaling 17% of fund assets, far above the amount investors can currently withdraw and higher than the roughly 14% that was requested in Q1. Private credit funds have been dealing with a number of challenges, including rising loan losses, fraud concerns, and significant exposure to software companies. Many software businesses are facing pressure as investors question how artificial intelligence could impact their future growth and profitability. During BlackRock's last earnings call, CEO Larry Fink stated that institutional investors such as pension funds and insurance companies continue to allocate capital to private credit strategies. I don't want to call the man a liar, but it does seem strange that with all the problems that private credit is having I would think institutional funds would also be pulling back from investing. One would expect at least some institutional investors to become more cautious as risks increase. What concerns me most is the continued use of redemption gates. The longer funds limit withdrawals to 5% per quarter, the more investors may worry about liquidity. That concern can become self-reinforcing, leading more investors to submit redemption requests. If that happens, redemption demand could continue to rise in future quarters, creating additional pressure on the industry.   Investors Turn a Blind Eye to Fundamentals For many years, successful investing was built on analyzing company fundamentals. Today, however, there is a growing trend toward speculation and gambling. Many investors simply do not seem to care about valuation or earnings and instead believe stocks will continue to go "to the moon." Tesla is a good example. Three years ago, Wall Street analysts projected that Tesla would generate $163 billion in revenue by 2025. The actual figure came in far lower at $94.8 billion, more than 40% below expectations. Historically, missing growth expectations by such a wide margin would have been a major disappointment for investors. Yet Tesla shares have risen roughly 59% over the last three years despite falling well short of those revenue projections. There are other signs of speculation throughout the market. Thirteen years ago, there were only 39 private companies valued at more than $1 billion. Today, there are over 800. This trend highlights two important developments. First, private companies are staying private much longer, allowing early investors to capture a greater share of the value creation before public investors have an opportunity to participate. Second, investors are assigning much higher valuations to these businesses, many of which have little or no earnings and, in some cases, no positive cash flow at all. Markets can remain driven by optimism for long periods of time, but eventually fundamentals matter. The challenge for investors is determining when sentiment and speculation have pushed prices too far ahead of reality.   Headlines Say Crisis, Economic Data Says Otherwise The economy continues to show surprising resilience despite concerns surrounding higher energy prices and the conflict involving Iran. Many investors expected consumers to pull back as gasoline prices surged and headlines focused on geopolitical risks. Instead, economic data suggests the U.S. consumer remains in good shape. Retail sales in May rose 6.9% from the prior year, exceeding expectations and demonstrating that consumers are still willing to spend despite higher fuel costs. Even excluding gasoline stations, retail sales increased 5.4%, showing that spending strength was broad-based rather than simply a reflection of higher energy prices. Online sales, clothing purchases, restaurant spending, and other discretionary categories all contributed to the gains. Housing is also showing signs of stabilization. Pending home sales, which measure signed contracts on existing homes, rose 3.8% in May to the highest level in six months. The increase was well above economist expectations and marked a 4.8% improvement from a year ago. What makes these numbers particularly impressive is that they occurred while mortgage rates remained above 6% and energy prices were elevated because of Middle East tensions. Buyers and consumers appear to be adapting to a higher-rate environment rather than waiting indefinitely for lower borrowing costs. This does not mean there are no risks. Higher energy prices act like a tax on consumers, and housing affordability remains a challenge. However, the latest retail sales and housing data suggest the economy is far from rolling over. For investors, this is another reminder that economic fundamentals often matter more than headlines. While markets may focus on wars, oil prices, and geopolitical uncertainty, consumers are still spending, homes are still being purchased, and the economy continues to move forward.   The Most Important Part of the Fed Meeting Wasn't the Rate Decision The Federal Reserve's June meeting marked one of the biggest shifts in Fed communication and leadership in decades. As expected, the Fed left interest rates unchanged at 3.50%-3.75%, but the details beneath the surface were far more important. For the first time since 1951, a former Fed chair will remain on the Board after stepping down as chairman. Jerome Powell's decision to stay on as a governor creates an unusual dynamic as new Chairman Kevin Warsh begins reshaping the institution. Historically, outgoing Fed chairs have typically left the Board when their chairmanship ended. Warsh wasted little time signaling change. The Fed announced five new task forces that will review key aspects of monetary policy and Federal Reserve operations, including inflation frameworks, the Fed's balance sheet, its reliance on data sources, and productivity and jobs and the impact of artificial intelligence and other transformative technologies. The reviews are expected to produce recommendations later this year and could shape how the Fed operates for years to come. Perhaps the most noticeable change was the Fed statement itself. The policy statement was significantly shortened and went from above 300 words recorded in recent meetings to around 130 wors. It also removed much of the forward-looking language that investors had grown accustomed to under previous leadership. Language that suggested a bias toward future rate cuts was eliminated, reflecting a more data-dependent and less guidance-driven approach. The updated projections were also more hawkish than many expected. Nine of the 18 policymakers who submitted forecasts now expect at least one rate hike before year-end, while the other nine see rates remaining unchanged or moving lower. The result is a Fed that appears deeply divided on the path forward as inflation remains above target. Another major headline came from Warsh himself. Only 18 of the Fed's 19 policymakers submitted a forecast in the quarterly dot plot, with Warsh confirming that he did not provide one. As a long-time critic of forward guidance, Warsh appears to be signaling that the Fed may gradually move away from one of Wall Street's most closely watched communication tools. Half of the committee is worried inflation remains too high and believes rates may need to move higher. The other half sees little need for additional tightening. This sets the stage for Warsh's hope for a “family fight” as he believes more disagreement will lead to a better discussion so the Fed can finally deliver on price stability. While the rate decision itself was unanimous, the projections revealed a growing divide beneath the surface. The takeaway is clear: while rates didn't move, the Federal Reserve did. A shorter statement, less forward guidance, a chairman who won't publish his own rate forecast, five new policy task forces, and a committee split down the middle on the direction of rates all point to a Federal Reserve that looks very different than it did just a few months ago. The era of predictable Fed communication may be ending, and markets will have to adjust.   Financial Planning: Give More, Pay Less with Appreciated Stock One of the most tax-efficient ways to support a favorite charity or church is by donating appreciated stock instead of cash. When stock that has been held for more than one year is gifted directly to a qualified charity, the charity receives the full market value of the shares and can sell them without paying tax because it is a tax-exempt organization. The donor generally receives the same charitable income tax deduction they would have received had they donated cash, while also avoiding the realization of any capital gain. For example, if someone is considering donating either $50,000 of cash or $50,000 of appreciated stock, the charity receives the same economic benefit in either case, $50,000 that can be used to further its mission. Likewise, the donor generally receives the same $50,000 itemized charitable deduction. The difference is that if the stock was originally purchased for $20,000, donating the shares allows the donor to avoid recognizing the $30,000 capital gain. If the donor still wants to own the investment, they can use the cash that otherwise would have been donated to repurchase the shares, effectively increasing their cost basis from $20,000 to $50,000 and reducing future taxable gains.   Companies Discussed: Accenture plc (ACN)

The Federal Reserve held its first meeting Wednesday since Kevin Warsh succeeded Jerome Powell as chair. What can we learn from Warsh's statements and the Fed's unanimous decision to leave rates unchanged?  Join Dana M. Peterson and guest Yelena Shulyatyeva, senior US economist at The Conference Board, to hear about the potential impact of Warsh's task forces, why we're likely to see less Fed communication, and whether the Fed will prioritize inflation over the labor market.  For more from The Conference Board:  FOMC Decision: There's a Task Force for That  June FOMC Preview: Meet the Warsh Fed: Rates on Hold, Communication in Focus  What Could the Fed Look Like Under Kevin Warsh? 

On this episode of Simply Money presented by Allworth Financial, Bob and Brian explore what a new era at the Federal Reserve could mean for investors by looking back at the legacies of influential Fed chairs from Paul Volcker to Jerome Powell, discuss the latest restructuring news from Procter & Gamble and key planning opportunities for affected employees, break down when trusts make sense as part of an estate plan, and answer listener questions on investment performance, concentrated bets, retirement planning assumptions, and strategies for managing taxes during the early years of retirement.See omnystudio.com/listener for privacy information.

The President elbowed out Jerome Powell and brought in Kevin Warsh. His first meeting of the Open Market Committee is this week. A look at what kind of news will happen in the next 24 hours from the Chief Economist at US Bank, Beth Ann Bovino on The WCCO Morning News.

Enjoy this special feed drop of our sister show "In This Economy?!" Kevin Warsh will officially take over as the head of the US central bank on Wednesday – but it's not clear how his term will play out. The U-S President has been calling for interest rate cuts since he returned to office last year but several factors suggest that's not likely in the cards. But will Warsh feel the pressure from Donald Trump to cut anyway? And how might his decisions impact Canada? In today's episode of In This Economy?!, host Kris McCusker speaks to Scott Anderson, Chief US Economist for BMO Capital Markets - based in San Francisco, California about how the Fed might look different under Warsh and what could be coming during the early part of his term. We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at hello@thebigstorypodcast.ca Or @thebigstory.bsky.social on Bluesky

What should you really expect from a financial advisor? Is your advisor acting as a fiduciary, managing risk, helping with taxes, retirement income, estate planning, and behavioral coaching, or just selling products and chasing performance? Richard Rosso & Jonathan McCarty break down the real role of a financial advisor, what services matter most, how advisors are compensated, and the warning signs investors often miss. We also discuss fiduciary standards, portfolio management, communication expectations, financial planning, and why transparency matters more than promises.. Here's a topical rundown of today's show: 0:00 - INTRO 0:33 - Jerome Powell, Kevin Warsh, & CPI Review 3:43 - Employment Numbers & Data Centers 5:28 - What Does Your Advisor Do? 9:34 - What Should You Expect? 13:07 - What Are You Getting vs Giving Up? 16:56 - Looking at Taxes on a Continuum 19:26 -Investment Management is Important 24:37 - Financial Advisors with Open Minds 27:41 - Fixed-cost vs Fee-based Financial Planning 26:15 - How to Deal with Emotional & Cognitive Biases 27:11 - Fiduciaries Focus on Things You Miss 28:30 - Proper Asset Location 30:03 - Fee Transparency - How advisors get paid 31:35 - Red Flag Warnings When Choosing an Advisor 33:11 - What Annuities Do (and Don't Do) 34:44 - Big Firms vs Small Firms - KYC 35:38 - Fee-only vs Fee-based Advisors 36:49 - What Comprehensive Wealth Management Should Look Like Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer ------- Articles Mentioned in Today's Show: "The Perfect Planning Experiemce" https://realinvestmentadvice.com/ria-e-guide-library/ ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/HXafEWQMFuI?feature=share ------- Watch today's "Before the Bell" feature, "Momentum Mania Meets Market Rotation," here: https://youtu.be/bNIRIssbDP8 ------- Watch our previous show, "Inflation Surge Hits Markets?" https://youtube.com/live/UOSeQNOhcwI ------- * REGISTER for our next Candid Coffee, THIS Saturday, May 16: "Financial Organization Made Simple:" https://streamyard.com/watch/SA6aj2aMdMhf -------- Download Lance's Latest e-book, "Laws of Money & Wealth:"https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #FinancialAdvisor #RetirementPlanning #Investing #WealthManagement #Fiduciary

Donald Trump's former National Security Advisor, John Bolton, is expected to plead guilty to one criminal charge for essentially mishandling classified information. You can already hear Donald Trump's flunkies, lapdogs and sycophants using the Bolton guilty plea as proof that Donald Trump and his Department of Justice don't vindictively go after people. They will say "Because John Bolton is pleading guilty, he's not being wrongfully prosecuted". Trump's flunkies will try to use the guilty plea as evidence that ALL of the other criminal prosecutions that Donald Trump has demanded his dirty DOJ officials pursue - James Comey, Leticia James, Jerome Powell, six members of Congress, etc. - are somehow validated as righteous by virtue of Bolton's guilty plea. But that's not true at all because not all vindictive prosecutions are created equal.Find Glenn on Substack: glennkirschner.substack.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Donald Trump's former National Security Advisor, John Bolton, is expected to plead guilty to one criminal charge for essentially mishandling classified information. You can already hear Donald Trump's flunkies, lapdogs and sycophants using the Bolton guilty plea as proof that Donald Trump and his Department of Justice don't vindictively go after people. They will say "Because John Bolton is pleading guilty, he's not being wrongfully prosecuted". Trump's flunkies will try to use the guilty plea as evidence that ALL of the other criminal prosecutions that Donald Trump has demanded his dirty DOJ officials pursue - James Comey, Leticia James, Jerome Powell, six members of Congress, etc. - are somehow validated as righteous by virtue of Bolton's guilty plea. But that's not true at all because not all vindictive prosecutions are created equal.Find Glenn on Substack: glennkirschner.substack.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Send us Fan MailThe fastest way to understand modern power is to watch where pressure gets applied and who ends up paying. We start with a clear listener question: why the Trump administration is going so hard on Cuba right now. We break down the official “national security” framing, then get specific about the real leverage points: sanctions aimed at GAESA, the military-linked business empire tied to tourism and foreign currency, plus the domestic politics of Miami, Marco Rubio, and the long shadow of regime change. The hardest part to ignore is the moral math: economic suffocation rarely lands on elites first. Then we run through a set of headlines that all point to the same theme of eroding trust. We cover the John Bolton classified documents case, Jerome Powell's warning about political pressure on Federal Reserve independence, and the very public meltdown around 60 Minutes and media leadership fights that reshape what accountability journalism looks like. The centerpiece is a chilling report on masked ICE tactics and the spike in criminals impersonating immigration agents to rob and assault immigrant families. From Portland's response to America's long history of anti-mask laws, we argue that visible identification is not a luxury, it is a prerequisite for democratic policing. We close with a deep dive on artificial intelligence, data centers, and what comes next, featuring Zach Exley of New Consensus. He lays out why AI job automation could trigger a demand doom loop and why “capitalism can't survive AI” is not a slogan but a systems warning. Subscribe, share, and leave a review, then tell us: what rules should govern AI and law enforcement in a free society? Support the show

DOCKET ALERTS:   The Supreme Court rebuffed the Trump Administration's "emergency" request to revoke temporary protected status for half a million Haitian and Syrian nationals. It granted cert before judgment and set oral argument for April.   The DOJ dropped charges against Jay Carey, a veteran who burned a flag in Lafayette Park to protest Trump's executive order purporting to ban flag-burning.   In Massachusetts, Judge Brian Murphy blocked HHS Secretary Kennedy's attempt to rewrite the child and adult vaccine schedules.   And the Justice Department keeps lowering the bar in an effort to get lawyers willing to sign on to burn down their reputations in service of the Trump agenda.   MAIN SHOW:   We discuss US Attorney for DC Jeanine Pirro's crashout over the implosion of her retaliatory investigation into Federal Reserve Chair Jerome Powell. Judge Boasberg quashed the subpoenas, saying that there was no reason at all to think Powell committed a crime.   The Judicial Conference is making it slightly easier for criminal defendants to secure representation. They're also going to war with the General Services Administration, the world's worst landlord.   The Live Nation trial continues, without the government. Andrew's got a deep dive into the Tunney Act and a similar antitrust case blown up by the Trump DOJ under pressure from well-connected lobbyists. These people made us agree with Laura Loomer — RUDE! TPS Cert Before Judgment https://www.supremecourt.gov/orders/courtorders/031626zr1_5h25.pdf   US v. Carey [Flag burning] https://www.courtlistener.com/docket/71223464/united-states-v-carey   American Academy of Pediatrics v. Kennedy [Vaccines] https://www.courtlistener.com/docket/70722326/american-academy-of-pediatrics-v-kennedy/   Judiciary Says Courthouses Are in Crisis, Seeks Real Property Authority https://www.uscourts.gov/data-news/judiciary-news/2026/02/24/judiciary-says-courthouses-are-crisis-seeks-real-property-authority   US judiciary approves new public defender office focused on US Supreme Court advocacy https://www.reuters.com/legal/government/us-judiciary-approves-new-public-defender-office-focused-us-supreme-court-2026-03-10   DOJ to Allow Hiring of US Prosecutors Straight Out of Law School https://news.bloomberglaw.com/us-law-week/doj-to-allow-hiring-of-us-prosecutors-straight-out-of-law-school   Law School Tells Students, 'You MUST Be Aligned Politically With President Trump,' For Summer Job https://abovethelaw.com/2026/03/law-school-tells-students-you-must-be-aligned-politically-with-president-trump-for-summer-job/   Jeanine Pirro Crashes Out https://www.lawandchaospod.com/p/jeanine-pirro-crashes-out   In re Grand Jury Subpoenas [Jerome Powell] https://www.courtlistener.com/docket/72490330/in-re-grand-jury-subpoenas   The Rule of Law Versus the Rule of Lobbyists [Roger Alford] https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rqWZHzWNbqZc/v0   Proposal to Give Judiciary Real Property Authority https://www.uscourts.gov/sites/default/files/document/judiciary-real-property-authority-legislative-package.pdf   Show Links: https://www.lawandchaospod.com/ BlueSky: @LawAndChaosPod Threads: @LawAndChaosPod Twitter: @LawAndChaosPod

Markets are freaked out about the DOJ's threats to Federal Reserve Chair Jerome Powell. And so are we! We've got a deep dive into a court order barring Trump from adding an extra-legal proof of citizenship requirement to voter registration forms and a breakdown of Illinois and Minnesota's respective lawsuits against ICE and CBP. And for subscribers, we'll explain why JD Vance's claim that "Every president, Democrat or Republican, believes the War Powers Act is fundamentally a fake and unconstitutional law," is utter BS.   Links:   Kelly v. Hegseth https://www.courtlistener.com/docket/72131361/kelly-v-hegseth/   Neguse v. ICE https://www.courtlistener.com/docket/70964222/neguse-v-us-immigration-and-customs-enforcement   New York v. Burgum [Nichols] https://www.courtlistener.com/docket/72126766/state-of-new-york-v-burgum/   New York v. Burgum [Lamberth] https://www.courtlistener.com/docket/72126847/state-of-new-york-v-burgum/   Federal prosecutor in Virginia fired after refusing to lead Comey case https://www.theguardian.com/us-news/2026/jan/12/us-attorney-virginia-fired-j   Trump DOJ fires prosecutor who declined to pursue James Comey case https://www.ms.now/news/trump-doj-fires-prosecutor-who-declined-to-pursue-james-comey-case   Washington v. Trump [Election EO] https://www.courtlistener.com/docket/69845185/state-of-washington-v-trump/   Illinois v. DHS https://www.courtlistener.com/docket/72131845/state-of-illinois-v-department-of-homeland-security/   Show Links: https://www.lawandchaospod.com/ BlueSky: @LawAndChaosPod Threads: @LawAndChaosPod Twitter: @LawAndChaosPod  

Ryan talks to Market and Air Travel Analyst Jay Ratliff about Federal Reserve Chair Jerome Powell's tenure, and how recent inflation data and rising energy costs tied to the Iran conflict could influence future interest rate decisions and the broader economy.See omnystudio.com/listener for privacy information.

It's still all about tech, says Kevin Green when turning to the stock market's action. He talks about Nvidia's (NVDA) planned AI infrastructure expansion and RTX Spark causing shares to rally ahead of Monday's opening bell. However, KG points to hedging activity ramping up as technical indicators highlight an overbought market. He also talks about comments Fed governor Jerome Powell made over the weekend regarding the FOMC's independence. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

AP correspondent Haya Panjwani reports on former Fed chair Jerome Powell's first comments on the institution since stepping down.

More than any single institution, the US Federal Reserve drives global financial markets with its decisions and communications. While its interest rates are set by the 12-member Federal Open Market Committee (FOMC), for almost a century, the Fed's underlying philosophy and operations approach have been moulded by one person: the Chair of the Board of Governors. Over The Chair's eight episodes, Tim Jones talked to authors of books about the Fed's most consequential chiefs – Marriner Eccles, Bill Martin, Arthur Burns, Paul Volcker, Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell. The Powell podcast was meant to be the last. But, after Kevin Warsh took over from Powell on 22 May 2026 and started preparing for his first FOMC meeting as chairman in mid-June, a ninth episode became irresistible. Who is this Republican hawk-turned-dove? As one policymaker among 12, has he over-promised to a volatile president? To discuss Warsh, Tim is joined by three "Fed watchers" – Claire Jones, Michael Redmond and Catarina Saraiva. Claire, who used to “watch” the European Central Bank for the Financial Times, is now the FT's US economics editor and has transferred her monitoring skills to the Fed. Catarina is a 17-year veteran at Bloomberg News, reporting exclusively on the Fed and US economics since 2019. Michael has been Medley Advisors' Fed analyst since 2022, having worked as an economist at the US Treasury and the Kansas City Fed. "I think [Warsh] has upset a lot of people with the criticisms that he's had of the Fed," says Claire Jones. "I think there's just this sense where people are worried because they're thinking: 'What did you have to say in order to get this job? What have you promised to the administration in order to get this job?' So, there's those issues of trust ... However, he is very charming; he's been at the Fed before; he knows how the game is played. So, I don't think that's necessarily entirely insurmountable". Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Mark analyzes President Trump's latest ceasefire extension proposal, raising concerns over potential risks, especially Iran's nuclear capabilities and security at the Strait of Hormuz. Treasury Secretary Scott Bessent handled the White House press briefing yesterday, filling in for Press Secretary Karoline Leavitt during her maternity leave. It's shaping up to be a big weekend for Joe and Jill Biden, with Jill's new book launching and her recent remarks on the President's health during the 2024 campaign drawing attention. Mark interviews John Carney, editor of Breitbart Business News. They discuss Jerome Powell's ongoing influence at the Federal Reserve, a recent rise in inflation due to higher gas prices, and strong consumer spending. They also address concerns about AI's impact on jobs, suggesting it may not disrupt as many positions as some predict. Mark previews the major renovation planned for New York's Penn Station and explains how the project is expected to progress. He also credits President Trump for influencing the look of New York City's skyline with his building techniques. Mark shares an update on the Long Island Expressway sinkhole he reported previously and notes that new speed cameras in New York suburbs have already caught numerous drivers. Mark interviews author Ann Coulter. They discuss nationwide outrage over conditions at an ICE detention center in Newark, New Jersey. Mark and Ann break down a proposed bill that would allow undocumented immigrants to vote in New York City. Also, there may be big political changes in California as TV personality Spencer Pratt is running for mayor. See omnystudio.com/listener for privacy information.

They discuss Jerome Powell's ongoing influence at the Federal Reserve, a recent rise in inflation due to higher gas prices, and strong consumer spending. They also address concerns about AI's impact on jobs, suggesting it may not disrupt as many positions as some predict.See omnystudio.com/listener for privacy information.

Mark analyzes President Trump's latest ceasefire extension proposal, raising concerns over potential risks, especially Iran's nuclear capabilities and security at the Strait of Hormuz. Treasury Secretary Scott Bessent handled the White House press briefing yesterday, filling in for Press Secretary Karoline Leavitt during her maternity leave. It's shaping up to be a big weekend for Joe and Jill Biden, with Jill's new book launching and her recent remarks on the President's health during the 2024 campaign drawing attention. Mark takes your calls! Mark interviews John Carney, editor of Breitbart Business News. They discuss Jerome Powell's ongoing influence at the Federal Reserve, a recent rise in inflation due to higher gas prices, and strong consumer spending. They also address concerns about AI's impact on jobs, suggesting it may not disrupt as many positions as some predict.See omnystudio.com/listener for privacy information.

Patrick Harker, Wharton Professor of Operations, Information, and Decisions, and former President of the Philadelphia Federal Reserve Bank, reflects on Jerome Powell's tenure leading the Federal Reserve through the pandemic, inflation concerns, and political pressure, while also examining what Kevin Warsh's leadership could mean for monetary policy, Fed independence, and the U.S. economy moving forward. Hosted on Acast. See acast.com/privacy for more information.

Jeremy Siegel, Wharton Emeritus Professor of Finance and Chief Economist at WisdomTree, examines the market rally fueled by AI stocks, the economic impact of rising oil prices and tensions with Iran, the outlook for Federal Reserve policy under Kevin Warsh, and the mixed legacy of Fed Chair Jerome Powell. Hosted on Acast. See acast.com/privacy for more information.

Links & ResourcesFollow us on social media for updates: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Check out our recommended tool: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Prop Stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Thank you for listening!

Patrick Harker, Wharton Professor of Operations, Information, and Decisions, and former President of the Philadelphia Federal Reserve Bank, reflects on Jerome Powell's tenure leading the Federal Reserve through the pandemic, inflation concerns, and political pressure, while also examining what Kevin Warsh's leadership could mean for monetary policy, Fed independence, and the U.S. economy moving forward. Hosted on Acast. See acast.com/privacy for more information.

The episode argues that Jerome Powell's decision to remain a Fed governor and keep his vote through January 2028—breaking 78 years of precedent since Marriner Eccles—is a warning about Kevin Warsh's promised "regime change" at the Federal Reserve and growing political pressure on monetary policy. It connects this to historical parallels (the 1951 Treasury-Fed Accord and the Nixon–Burns era inflation) and claims JP Morgan's billionaire clients are shifting heavily into alternatives and underweighting the US dollar. The host outlines three suggested actions: move idle cash to high-yield savings, build defensive hedges (including precious metals and credit lines), or pursue inflation-arbitrage via fixed-rate leveraged rental real estate. The second half describes "exit tax" style policies targeting homeowners and movers in five states—New Jersey, Massachusetts, Washington, California, and New York—and says six more states are drafting similar measures.

  Dave and Doug Shaw cover the Georgia primary runoff matchups, Trump's primary influence and failed coattails, police brutality in South Carolina, and the deaths of Kyle Bush and Barney Frank. Georgia Primary Runoffs: Governor and Senate Burt Jones will face Rick Jackson in the Republican gubernatorial runoff — Jones outperformed expectations but Rick Jackson has momentum. Jackson runs the risk of over-indexing on Trump endorsement; he needs to build his own coalition. Lance Bottoms's entry into the race as a Democratic candidate alongside incumbent Ossoff might actually help Republicans. Meanwhile, the lieutenant governor's race heads to a runoff between JFK (who benefited from name recognition — people voting for the dead president) and Dolezal, whose campaign was a mess. His Sharia law flyer targeting Dolezal's Muslim name is tactically stupid in Georgia. Paulding County: Robert Lane Defeats Colleen Hampton in District Attorney Race Robert Lane won decisively, 65-35, in the Republican primary for Paulding County District Attorney. Dave had supported the opponent but congratulated Lane afterward. The race was amateur hour on both sides — particularly Hampton's alignment with the "Justice for Heather Turner" group pursuing a 2017 homicide case obsessively, maligning retired Sheriff Gary Gulledge, current Sheriff Ashley Henson, and homicide detective (and Dave's neighbor). Lane has no general-election competition; his challenge now is learning from the race's lessons. Thomas Massie Loses to Trump-Backed Challenger in Kentucky Congressman Thomas Massie, perhaps the most constitutionally principled member of Congress, lost to Trump's preferred candidate in a sub-10-point race. Trump won Kentucky by far more, proving his coattails don't stretch to every race. Massie refused to rubber-stamp Trump and maintained separation from the executive branch — the role Congress is supposed to play. His loss signals the GOP increasingly favors loyalty tests over constitutional governance. Rumors suggest Massie may explore a 2028 presidential run; he'd get crushed, but his standing in principle has never wavered. Kyle Bush Dies at 41: NASCAR Legend's Illness and Legacy NASCAR driver Kyle Bush, 41, died shortly after testing a new racing simulator in Concord, North Carolina. He'd been coughing up blood and experiencing shortness of breath; reports suggest the infection may trace back to a ceramic stool incident four months prior that required 24 stitches in his calf. Bush was NASCAR's winningest driver across all racing tiers, owned a truck team, and mentored young drivers. He was set to race in the Coca-Cola 600 in Charlotte and the Truck Series race this weekend. Robert Busbee, Ogeechee Judicial District Attorney, Dies of Heart Attack Ogeechee Judicial Circuit District Attorney Robert Busbee, 44, suffered an apparent heart attack at a local gym. Busbee replaced Daphne Totten, who notoriously jailed a domestic-violence survivor for killing her abuser (conviction later overturned). Busbee restored integrity to the office.  Police Chokehold on White Teenager at South Carolina Baseball Game A resource officer in South Carolina placed a white teenager in a chokehold and tased him after the teen's mother questioned a call at a private high school baseball game. The kid stepped on the officer's foot; the cop hit him in the head with a taser.  Kevin Warsh Becomes New Federal Reserve Chairman Kevin Warsh, 56, replaced Jerome Powell as Federal Reserve chair. Warsh looks younger than his age and came from Ohio. Powell remains on the board. Trump praised Warsh in a press conference — then immediately praised President Xi Jinping using the same language, revealing the praise was boilerplate. Interest rate drops expected when the Federal Reserve meets; Connie's new vehicle purchase timing may depend on rate movement. Georgia School Board Election: Paulding County Votes to Rein In District Paulding County voters approved a referendum capping property assessment increases at the inflation rate, forcing the school board to actually vote on millage increases instead of pocketing stealth tax hikes via rising home values. The ballot wording was confusing, but after county Republican leadership posted clarification, it passed. This is a meaningful check on property-tax expansion. Memorial Day Remembrances and Atlanta Radio History Dave honored Will Zapp, a fellow service member and purple heart recipient who died of brain cancer likely caused by Iraq service. The conversation drifted into Atlanta radio nostalgia — Southside Steve, 96 Rock, the American Pie bar on Sunday afternoons. Legends Distillery (which made Southside Steve whiskey) is closing. Terrestrial radio is dying; nobody listens anymore. Barney Frank Dies: 2008 Financial Crisis Architect Congressman Barney Frank died this week. Frank co-authored the Dodd-Frank legislation that enabled the subprime mortgage crisis and the 2008 financial collapse. He packaged bad mortgages together and sold them, leaving borrowers in perpetual uncertainty about who held their loans. Frank was famously disorganized in appearance despite being gay (contrary to stereotype) and ran a gay prostitution ring out of his Washington townhouse. His departure from the Senate improved the institution. Closing Thought: Primary Fatigue Dave is experiencing voter fatigue as Georgia heads into runoff season. Campaign ads have completely cluttered his DVR to the point where he's considering a complete deletion and restart.

The communist government of Cuba seems to be arming up, Jerome Powell finishes his term as Chair of the Federal Reserve, and the World Health Organization declares a “global health emergency” due to an Ebola outbreak in the African countries of Congo and Uganda. We speak to Victoria Coates, E.J. Antoni, and Dr. Omer Awan. Get the facts first with Morning Wire.- - -Ep. 2794- - -Wake up with new Morning Wire merch: https://bit.ly/4lIubt3- - -Today's Sponsors:Good Ranchers - Start your plan today and get free meat for life plus $100 off your first three orders with our code WIRE at https://goodranchers.com Lean - Get 20% off when you enter code WIRE at https://TakeLean.comZipRecruiter - Post jobs FOR FREE at https://ZipRecruiter.com/WIRE- - -Privacy Policy: https://www.dailywire.com/privacymorning wire,morning wire podcast,the morning wire podcast,Georgia Howe,John Bickley,daily wire podcast,podcast,news podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices

How will President Trump get on with Kevin Warsh, who is starting out as the Chair of the Federal Reserve, America's Central Bank? Trump famously clashed with his predecessor Jerome Powell. Can the US central bank remain truly independent from the government?Presenter: Ed Butler Producer: Josh Martin(Photo: Kevin Warsh testifies during a Senate Banking Committee confirmation hearing at the US Capitol in Washington, DC, USA, 21 April 2026. Credit: Will Oliver/EPA/Shutterstock)

Register here to attend the live virtual event "Why Investors Are Targeting Oklahoma Real Estate in 2026" on Thursday, May 28th at 8:00 PM Eastern Time. Keith describes how a plain long-term single-family rental can quietly build wealth in ways most investors overlook, using his "GRE Duck" framework to illustrate returns beyond simple cash flow. He also emphasizes the passive income potential of buy-and-hold properties, detailing factors like: appreciation, principal paydown, tax benefits, and inflation. An Oklahoma-based investor and provider then joins Keith to introduce Oklahoma City and nearby markets as emerging options for cash flow–focused buyers.  Together, they explore why this lesser-known market and a straightforward buy-and-hold approach may deserve a closer look from investors. Episode Page: GetRichEducation.com/606 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Keith, welcome to GRE. I'm your host. Keith Weinhold, the real estate duck is quacking. Learn what that's all about. See how you could expect to profit $2,500 every month just from a normal long term rental. Then the most important message that I have to tell you in years. And finally, we explore a market where new build single family rentals cost $145,000 all today on get rich, education, flock homes helps multi family owners exit the operator grind, whether it's your six Plex or a 50 unit apartment through a 721 exchange. This defers your capital gains tax. It's a strategy long used by institutions. Now you can swap tenants and toilets for passive income and zero management request your initial valuation, see if your property qualifies. At flock homes.com/gre that's F, L, O, C, K, homes.com/g, R, E,   Speaker 1  1:07   you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:23   Welcome to GRE from Hudson, Colorado to Hudson, New York and across 188 world nations. I'm Keith Weinhold, and this is get rich education with perspective every week that you won't hear from the average slack jawed finance talking head. Just a few weeks ago, it was announced that rent payments will now factor into credit scores. Yes, I suppose that now tenants can say, See, my rent is not like throwing money away. I'm investing in my FICO score. This is good news for landlords. It can be good news for tenants too, actually, and I think it's just good for society that being accountable and making timely rent payments get tracked and can be rewarded. Yes, the news is that weeks ago, Fannie Mae and Freddie Mac are allowing rent and utility payments to be included in credit reports that are factored into eventual mortgage approvals. It is good that your tenant is informed of this, and therefore they'll be more incentivized to pay you the rent on time. So yes, rent is now a credit builder and hmm, does this mean that America finally admitted that shelter is more important than your tenant's Banana Republic Visa card? This is something that should have been done a long time ago now. This also helps in the rent to own strategy, if you ever employ that with a tenant. Yeah, the rent to own strategy. That's where a tenant, they rent a home from you today, with the option to buy it from you later at a pre agreed price. It's basically a hybrid between renting and buying. And the advantage is you can sell your rental at a greater profit than you could otherwise, when you employ that and the reason that having rent payments be on a credit report now gives you some assurance that your tenants will improve their credit scores enough to qualify for a mortgage and actually buy your rental. So that's always an exit option for you the rent to own strategy benefiting too from this change. Now let me tell you about the GRE duck, because this duck is quacking, making some noise, and we talk about what you might think of as a more base investment strategy. And this might be your base investment strategy. It is just simple long term buy and hold investing. Some people mistakenly think that to be a big profiteer in real estate, that it takes a lot of time and money, or they think that you've got to flip a property or wholesale or do rent to own plans with your tenant, like I just mentioned, or that you have to house hack. You don't have to do any of that heavy hands on stuff. You can be highly profitable without opening up some active business inside your property, like an assisted living home or doing some co living arrangement that you self manage, or doing short term rentals. No, you don't have to do any of that. No sledge hammer required. Let's talk about the GRE duck and how normal long term rentals are super profitable. In fact, you can profit $2,500 per. Per month from just one ordinary, single family investment property, just a regular long term rental with, say, a small down payment on a 300k income property.    Keith Weinhold  5:14   Now $2,500 that might seem high to be clear, that's not the rent amount. That's not the gross. This is your net, $2,500 in total profit every month. And you know, from the outside, the uninitiated might say, Well, wait, how could one plain house really perform this? Well, all right, say that it creates $200 in monthly cash flow, your rent income, minus expenses. This only represents the part of a duck that is visible on top of the water there on the lake surface, because that's all that most people see. And it's not a decoy duck. This is the real thing, because the duck also kicks up less visible underwater returns of another $2,300 monthly. And here's how what's beneath the surface, those duck legs are paddling like they're doing CrossFit. Here's a plausible scenario. Let's just use an appreciation rate of 5% mortgage rate of 6% and say inflation is 3% Well, the first thing that the duck is furiously kicking up underwater is that erstwhile appreciation of 5% on a 300k property. This is $15,000 a year that you're benefiting, which is $1,250 per month of profit to you. Next, there's principal pay down, also known as your ROA, that return on amortization your tenant is chipping away at your loan balance for you $3,000 a year from an amortization table, that's 250 bucks a month. Then there's the tax benefits. Say the estimated depreciable value is 240k after land divide that by 27 and a half years for your depreciation schedule, that is an $8,700 a year deduction. If you're in a 25% tax bracket, that's 2200 bucks a year, nearly another $200 a month from this alone. And there are more tax benefits than that depreciation, but that's all we're going to use for simplicity. And finally, inflation, profiting 3% inflation on your 240k loan, that is 7200 bucks a year. Yes, another 600 bucks a month. Now let's put it all together to see what the duck is doing. You've got $200 worth of cash flow, which is the visible duck, and then the rest of the paddling legs, with what they're doing underwater, it's $1,250 of appreciation, 250 in principal pay down, 200 in tax benefits, and 600 in inflation profiting. This is how your total financial benefit is $2,500 a month, and this is $30,000 of annual benefit to you. Yes, on average, you are 30k wealthier annually just from this 20% down payment on one plain, single family rental with something about as passive as it gets in real estate, that $200 per month of cash flow, that's only the part that you can see the duck gliding on the surface. And now, of course, your exact number is going to be higher or lower. Oh, maybe some downers on this is if there's a surprise insurance claim that dense things like a tree falling on your fence or a roof leak or a plumbing backup, you'll also have closing costs that you need to pay one time, a three to 4% of the loan amount when you buy so the duck could get splashed. And then this could be even better than I laid out. You might have a refinance opportunity that could increase your number. Your mortgage rate could be less than the 6% number that I use. Many builders are buying it down to under 5% for you still, and this will grow your profit number beyond $30,000 a year, and in this case, the duck would enjoy a tailwind.    Keith Weinhold  9:45   Today, you do often need a seller to provide incentives to make deals create cash flow. I did some rounding for simplicity in that example, which is really like a fresh spin on real estate pays five ways that I laid out there. So essentially, this $30,000 of annual benefit this occurs whether you show up to work or not, whether you stay in bed or not, and you're probably working on it one hour per month or less. Yes, this is simply buy and hold property. None of this flipping or wholesaling or active businesses that you need to run inside it buy and hold property that's either new build or it's turnkey renovated. I mean, it's even kind of boring, no market timing, no next hot thing, nothing loud, nothing risky, nothing Instagramable. Yet so many people miss out on all of this and why? It's because they only see that $200 visible part of the duck, and they sort of think, why bother? And then you have other investors that don't stick with it long enough to realize and capture the benefit. It could take a few years to really feel a wave of appreciation or inflation. These things are more apparent, like a duck that starts quacking and getting noticed, the GRE duck helps you understand how even a modest portfolio of four or five or 10 ordinary houses builds lasting wealth. Some people think that they need to own 100 doors worth of apartment building units or something like that in order to quit their job. That is just not true. I describe precisely how the middle class can get ahead. You could quietly out earn your day job with just a small pack of properties. This is embodied and symbolized by the GRE duck. Later today, we'll talk about the exact types of properties that are conducive to this. Let me tell you what's really interesting. Now, when we look at a five year arc, here's what's remarkable. In 2022 mortgage rates tripled and home prices rose anyway. In 2024 and 2025 the level of inventory soared and home prices rose anyway. Last year, available inventory was up about 30% from the prior year. Well now it's only up about 4% from last year, the growth in available housing supply has really slowed. It is going to be fascinating if supply shrinks this year, and this is the trend, this is the direction that the market is going, which could put accretive upward pressure on prices, but not as much as something else could. Now, sometimes here on the show, I inform you about micro real estate issues, or like the savviest strategy to achieve rent increases with your tenant, but there is a macro force that could reshape real estate markets in your purchasing power for years. In fact, I'm about to share with you this is the most important, newsworthy message that I have had in years. CPI inflation keeps rising. Jerome Powell is now newly out as Fed Chair Kevin Warsh is the new guy, and he's in there at a moment where global expectations and interest rates and currencies and housing and investor psychology could all shift at once. Now, frankly, I think it would be reckless to cut rates into the fresh inflationary shock that we have from the war in Iran now, but that's exactly what some market participants are betting on, and this time, inflation is not Coming from stimulus checks and peloton bikes, like it did during covid. At this point, we have already weathered a pandemic and lockdowns and money printing and tariffs. Now it is even more we have added in a kinetic war and severe energy shocks and supply chains that are now tied into knots, the profundity of the Iran war effects are coming two time.    Keith Weinhold  14:53   GRE podcast guest, Dr, Chris Martinson and I, you know, we are not some Doomer. Spouting baseless hyperbole to get fear clicks. This month, Chris stated that he would not be surprised to see 18 to 20% inflation in the next two to three years. Yes, you heard that right. This would make the pandemic inflation spike look like a warm up act. Remember back in 2022 that's when inflation peaked at 9.1% back then, in one year, home prices exploded about 20% rents surged 15% grocery prices went to orbital and a trip to Costco suddenly felt like financing a small boat. Well, today, things are poised to get even worse. Since the start of the Iran war, we've seen the prices of jet fuel go up 70% sulfur up 60% Brent crude has spiked 52% heating oil is also up 52% since the start of the Iran war. WTI crude oil up 48% urea also up 48% diesel up 45% gasoline up 40% all of these are not obscure commodities that are sitting in a warehouse somewhere. They are the hidden ingredients inside everyday American life. Diesel moves almost everything that you buy. Urea grows the food. Oil becomes plastics, packaging, chemicals and electronics, pharmaceuticals, cosmetics, paint, asphalt and 1000s of petroleum based consumer products. I mean, effectively, this massively raises the blood pressure of the entire economy, there is still cargo that's been sitting in or around the Persian Gulf and hasn't been able to transit the Strait of Hormuz for almost three months now. That's per Reuters. Even if a permanent peace agreement were signed today, this doesn't just all magically snap back by next week, it could take more than a year to normalize shipping routes, in inventories, in refining operations and supply chains. And in fact, it is even worse than that if the new Fed chair worsh decides to jack up interest rates. See, even that would do little to fix the supply side problem, because higher rates don't produce oil, they don't reopen shipping lanes, higher rates don't unclog ports. So this is not a time to sit in excessive cash and hope that your purchasing power survives. For a lot of investors, this is the time to accumulate more productive real assets while maintaining some prudent liquidity. You've always got to maintain some the alternative is to start eating losses. When we had two big waves of inflation in the 1970s bonds were mockingly called certificates of confiscation back then, and why? It's because investors earned 5% while inflation hit 15% the people who win in inflationary eras are really three groups, owners of productive real assets, people with pricing power and strategic long term fixed rate borrowers. It is pretty rare that I draw a line in the sand to identify a major inflection point and really encourage others to act. The last time that I did that distinctly was in November of 2021 because that's when mortgage rates were 3.1% inflation was double that at 6.2% and I urged investors to borrow big, and I showed you the evidence of when I stated that in last week's newsletter. I showed you right where that was published, and at that time it sounded aggressive, but today, those borrowers are sitting on yesterday's debt while they're earning today's inflated dollars. I mean, you have profited handsomely from that while there were others that were calling for a real estate price crash back in 2021.   Keith Weinhold  19:44   Gosh, that was the biggest appreciation rate year that we've had in a long, long time. Well, today, it's another inflection point, because you and I may be about to witness the highest inflation of our lifetimes, the prudent move is not paralysis. It is positioning. It means owning more productive real assets and ideally tying them to that long term fixed interest rate debt before the window closes again. So if you've been thinking about investing, repositioning your portfolio or making a plan before inflation accelerates again, you can speak directly to an MBA with real world real estate investing experience. It's a more crucial time than usual to book a free call with a GRE investment coach, which you can do at greinvestmentcoach.com. Windows like this do not stay open forever. It is the right time to act. In my opinion, that's the big message. The war inciting high inflation and hitting the point of no return for that. And I expect those free open slots to fill up fast, book a time again at GRE investment coach.com and plot out a plan. A lot of great shows coming up here on the GRE podcast, including two weeks from now, the number one selling personal finance author of all time, Rich Dad, Poor Dad. Author Robert Kiyosaki will be back on the show with us. As for later today, it's interesting to learn about a new market that we have not discussed in depth before, especially when it's a cash flow market. It includes new build single family rentals for $145,000 and now it's really small, but it also includes granite and LVP flooring. That's next.    Keith Weinhold  20:20   I'm Keith Weinhold. You're listening to get rich education. What if you got your mortgage loans the same place I get mine. You sure can at Ridge lending group, NMLS, 42056, they provided GRE listeners with more loans than anyone. Because Ridge specializes in investment property. They'll help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat directly with President chailey Ridge while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com, let me ask you something, if you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom family investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation and full disclosure. I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk and nothing is guaranteed, but with a track record of consistent on time investor payouts, they built real credibility. Go to freedom family investments.com. To book a clarity call or text family to 66866, that's family. 266866,   Richard Advani  23:19   This is hem lanes, co founder, Dana Dunford, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  23:35   We have the chance to discuss a cash flowing real estate market today that isn't talked about very often with Richard, an income property provider in Oklahoma. And Richard, you have over a decade of experience working and investing in the Oklahoma market. And then you your wife and your daughter, you move there because it is a rather attractive investment climate. You've been prolific in the industry. You've spoken at hundreds of real estate events, so welcome and tell us more about yourself and really that attraction to Oklahoma.   Richard Advani  24:09   Yeah, it's great to be here and share, you know, more of what I learned as an investor the last 10 years. Yeah, it's been amazing, because when I first invested here, it was more of a diversification play for me, and I didn't expect a lot of growth, but, you know, it had good fundamentals, and boy have I been surprised, because it has grown, and the growth just continues here.   Keith Weinhold  24:30   Now, in a sense, I think about Oklahoma as a potential next place. And what I mean by a next place is that 10 to 20 years ago, Denver and Phoenix were metros that worked well for cash flow and real estate investors, but then prices ran up faster than rents in Denver and Phoenix, and they no longer work for cash flow with a 20% down payment on residential property, Oklahoma feels positioned as a next place where the numbers still work before the price. Prices get run up and this is especially true when we're still in this affordable housing crisis. And Americans kind of look for that next place where the cost of living is still low.   Richard Advani  25:10   Exactly. And if we look back to you said, the fundamental things that made Phoenix and Austin and all these places grow out of the desert was they were affordable and they were business friendly. And the median home price in the US right now is $430,000 roughly, yeah, and the median home price in Oklahoma today, even after all that growth, is a little over half of that. So it's not a new concept to understand why and where that growth here stemming from.   Keith Weinhold  25:37   since 2000 Oklahoma cities, just that city's average annual growth rate is 1.4% that is really solid for a mature interior US Metro now, it's not quite like Austin or Nashville, but you're avoiding those substantially higher Austin and Nashville prices. And for comparison, the nation's annual growth rate since 2000 is eight tenths of 1% to your point about the growth now Oklahoma, I think of it as really like a two major metro state. You've got Oklahoma City in the middle and then somewhat smaller Tulsa in the northeastern part of the state. So talk to us more about that growth.   Richard Advani  26:19   Yeah, definitely. Well, I think, you know, 20 years ago, Oklahoma is really known as an energy state and a military state, and they acknowledge that as a state that they want to reduce that dependence. So there's been a huge amount of programs driven to bring small to medium size and obviously large size businesses in at the moment, we focus primarily on Oklahoma City, but Tulsa, as you mentioned, is an hour and a half away. If you look at a map, it looks really far away, but it's not in Tulsa is really kind of the Austin of Oklahoma. There's a lot of STEM and a lot of robotics and a lot of different things going on there. Stay tuned, though, as we move into latter part of the year, we are going to start expanding our product into Tulsa as well. But I think the big thing Keith is bringing awareness to people that Oklahoma exists. We do a lot of client tours, and we look forward to touring a lot of your clients as well. But people are just blown away when they get here. It's clean, it's nice, it's family friendly. All the suburbs of Oklahoma City, for example, they're just gated communities and good school districts. And what's crazy is you could put 20% down buy a brand new home in a nine out of 10 school district in the Oklahoma City metro, we're in the below $300,000 range, and make a positive you know, you can't do that in any other metro in the US.   Keith Weinhold  27:38   Yeah, that is really attractive. So I think of Oklahoma City is a place that's not very flashy, although they do have that proposal for that giant building that I think a lot of people have read about. You know, it seems like every major city has their big, pointy thing in the middle of town. Oklahoma City might as well they have a skyscraper with a proposal, only a proposal at this stage, which would make it the tallest building in the United States, but outside of something flashy like that, I don't think of Oklahoma as a very flashy place. It doesn't make the headlines as much as a lot of other places do, but those headline making places seem to have the prices run up, and that's not so advantageous for investors. So tell us more about that investor advantage in Oklahoma, including things like the law tilting toward landlords versus tenants, and any other economic drivers.   Richard Advani  28:31   Yeah. So firstly, I'll touch on that point. It's a very, very landlord friendly state, from the month a tenant runs late, you can essentially have them out that same month, as long as a property manager company is doing their job and serving notices. But at the end of the day, if it's a matter of the tenant not paying their rent, and you've provided a household right, your HVAC is working, there's nothing negligible on the landlord side, super easy. It's an open and shut case. Now what we see because of that is, out of 250 properties under management last year, we've never had to do an eviction, because it's a lose, lose for the tenants. And they know that, right? You serve them with the notice, they are out very, very quickly. So yeah, very strong on the landlord side of things, as I mentioned earlier, a lot of growth happening in Oklahoma, like you mentioned that tallest building, in addition to that, you know, the OKC Thunder, are here, and, you know, I think they're a champion. I watched zero sports, but I have read deeply into the economic impact, and I've seen it right. I've had people come to town and we give recommendations on where to stand. They're like, Oh, I've been to Oklahoma two years ago for a thunder game, and I fell in love with the city, and it's very, very underrated. Imagine if you could have got into, you know, Austin or Dallas 10 years, 12 years, 15 years ago. And I hear it very often from people. This reminds them of what those places were like 10 years ago. And that's a great thing to hear, right, that strong fundamental and catalyst for that growth exists. Buying a single family home, as I mentioned in that A plus school district that Windows closing here in Oklahoma as well. You know, I think there's another year, year and a half, before they will pencil and will be like every other large metro in the US. So, you know, I think we're all going to look back and be like, Oh, you got in Oklahoma early. I've been in here 10 years. I think I got in early, but you know, we're still relatively early in terms of, you know, the growth trajectory, that's the head and once again, it's driven by common sense, fundamentals, affordable, business, friendly people get here, establish community, and it's a really nice place to live. I love it here.   Keith Weinhold  30:35   And because now you're a resident. Yes, you know Richard, one phrase I've shared with my audience recently, and I think it's apropos here is people say that they want an opportunity. What they really want is certainty. But as soon as certainty arrives, the opportunity is gone. I really think that's relevant here. So we've been talking about Oklahoma City, and what you do is you rehabilitate or offer new build properties to investors. Oftentimes they're out of state. You place a tenant for them, and then, if the investor so chooses, you also manage it for them. Like you mentioned, you have 250 properties under management in your portfolio. That's what you do, that's who you serve. We've talked about Oklahoma City. Tell us about some of the outlying areas, and why you choose those for investors,   Richard Advani  31:29   That's a great question. And yeah, we primarily focus on new construction, because that's what I believe in for investors as well. What's amazing is, we're kind of a, I don't say supermarket, but we're a mega market because we're in six or seven different cities within Oklahoma, which means for the investors, six or seven different strategies, right? As I mentioned already, we're in the A plus areas at the best schools. We're in commuter towns that are 20 minutes outside of the metro that are really charming. We're in military towns where we have very, very strong economies, very high rent to purchase price ratios, really some of the highest in the country for new construction. And we deliver products, starting brand new single family homes is at 145,000 and at 180 and 220 and, you know, all the way up to 550 and everything in between. So we have a product for every type of investor we have, you know, a home for every type of tenant out there as well, which, you know, makes our tours amazing, too. People leave with their head spinning, but we really have a good amount of selection and strategies within the state.   Keith Weinhold  32:35   145k for a detached single family home is pretty mind blowing to some people. I've seen those. I know the footprint of those is pretty small, but that really gives an idea of what potentially makes you attractive to work with. You have those all the way up to 550k which I think are the new build duplexes, correct mentioned there. So yeah, this is potentially attractive to people. I think a lot of us are really more interested in that ratio between the rent income and the purchase price, that valuable formula. So will you tell us more about   Richard Advani  33:11   That? Yeah, that's something that I think we really excel at, is finding that balance point between durability for the investor, but also kind of where that rent range falls off is. A lot of experienced investors know, as you go higher priced, higher end, the rent starts really falling off there. All of our builds have LVP throughout granite. You know, even that 145,000, our home is so much granite and it would blow your mind, but we're not skipping anything, right? They all have full gutters. All have central heating and air conditioning with that end end goal of making it durable. But, you know, finding that tipping point to where we're not over building for that rent, so we're able to really bring in some high cash flows for what we target, and we specialize in affordable housing. And when I say affordable, don't think cheap. Just think most builders are going to build a product we've been in a boom the last 20 years, right? So if there's 500 people in line to buy a $400,000 home where your profit margins are high, why build a $250,000 home, right? And that is where the housing shortage is, and that is what we've made our nation. Most importantly, that is where we can make cash flow as investors.   Keith Weinhold  34:20   So we're thinking about numbers on our pro forma now, Oklahoma does have tornadoes. I happen to know that tornado paths are geographically narrow. It's been estimated that they've severely damaged less than 1% of Oklahoma homes. But tell us about that, including the insurance coverage is one of our pro forma items.   Richard Advani  34:42   It's a great question, obviously, that comes up a lot. I took a video two weeks ago with tornado sirens blaring, and I'm with my wife and daughter, and mind you, my wife yells at me up until recently to get in the shelter. And we walk out front and I'm recording, and I look to the left, old couple outside looking at the sky. Look to the right, kids in the. Parents looking at the sky, and surprisingly to me, my wife was right there behind me. I'm like, why are you not in the shelter so? Long story short, tornadoes are real, right? I've lived here two and a half years now. I've never met a person affected by a tornado, yet, personally, and as you mentioned, it caused very low damage. There's very rarely fatalities. And most importantly, look, insurance rates are determined by losses suffered by that insurance company. You guys will be blown away at how inexpensive the insurance is, just for that reason, right? But, yeah, tornadoes are real. We're in tornado season now, and people ask, what do people do when the tornadoes are on? And, frankly, walk out and look up at the street, you know, at the sky. It's not like a hurricane, where they come in and mass and destroy a town. You can see the storm cell moving around right when you're looking outside. So damage is low. I've owned real estate in Oklahoma for over a decade. I've never been affected by a tornado, either. But you know, they are a thing, and they're that hot point, just like fires in California. What was earthquakes? But the important thing is, the standard insurance policy covers tornadoes, it covers hail, it covers all of that. And, you know, even on those 300,000 more a plus class properties insurance is like 1500 a year. You know, very inexpensive.   Keith Weinhold  36:15   We're talking about what I've been referring to, potentially as that next place for real estate investors. I was talking about that in house here with Naresh on how Oklahoma really feels like that next place due to some of these characteristics that I've been talking about. And Richard before, I ask you if you have any last thoughts. I have an event to tell you the listener about next Thursday night, May 28 Richard here is CO hosting a live webinar along with our GRE investment coach, Naresh, and you are invited to attend from the comfort of your own home. You'll meet Richard, learn the market, see performers of specific available properties, and you're probably going to learn something about real estate investing that you didn't know before. It's also a format where you can have any of your questions answered in real time. This can be an actionable opportunity for you again. It's Thursday, May 28 at 8pm Eastern. Sign Up it's free, you can register. It's open now at gre webinars.com. You'll meet a real pro, experienced provider there on the ground. Richard here and do you have any last thoughts, including what we can learn and see next Thursday? Richard,   Richard Advani  37:34   Just that you know, if you haven't considered Oklahoma before, take a close look at us, right? There's a lot of amazing things happening. I am boots on the ground. I started as a real estate investor, and that's kind of the foundation for our business. We really encourage tours to come out here. The market sells itself, but it's not needed. Look, we are boots on the ground. I bought dozens of properties myself, sight unseen. Technology makes things amazing for that. But come down. If you guys do have the time, we're going to share a lot more specifics next Thursday on proformas, on exact numbers and specific opportunities. And yeah, excited to share Oklahoma with all of your investors, and to bring these opportunities to you guys and appreciate the opportunity to be here.   Keith Weinhold  38:18   Is there anything that investors find surprising that they did not know about Oklahoma prior to investing there, and prior to learning about it, and before you answer yes, thank goodness that you offer tours. Any good provider should do that, although, in my experience, it's typically only five to 10% of out of state investors that actually take up somebody on the tour. You can never take that personally. That's just what happens industry wide, as we know. But is there any maybe last thing that we should know about the market, Richard, maybe something that an out of state investor is a bit surprised to learn, or that's unique to that particular market?   Richard Advani  38:58   I think the biggest thing that people are surprised about is how nice it is. I've actually had an investor bought six properties and moved to Oklahoma become a good friend of mine. Now, since he lives in Oklahoma, people are just blown away at how clean and nice and family friendly. And we hear quite often that, you know, our investors would live in these homes, so much so we had one actually do that. So yeah, it's very underrated. And I think, as you said very aptly earlier, you know, it's the next market, it could be the next big market,   Keith Weinhold  39:30   potentially that next place. If this sounds interesting to you, be sure to join Richard and our team again. It's Thursday May 28 at 8pm Eastern, and you can register at gre webinars.com. It's been valuable. Richard, it's been great having you here on the show.   Richard Advani  39:46   Thank you.   Keith Weinhold  39:52   Yeah, a rather interesting potential. Next place, if you will, for some perspective in Noelle. Normal traffic conditions from downtown Dallas, it is a three to three and a half hour drive north to Oklahoma City, but that is its own distinct market and city and capital. Oklahoma City affordable and business friendly this century. Really, it's those two drivers, affordable and business friendly, that have been the growth engines for other cities. OKC also has an expanding aerospace and tech presence in major downtown development projects, among other interesting things. At next week's live event, expect to see new build, yes, as low as 145k with LVP flooring and granite throughout, like we touched on there, one investor has even moved into the property themselves. I mean, you can do that if you want to. These are conducive to being good rental properties, but you own the property, you could live there, if you so chose. Yes all the way up to new build duplexes at 565k that generate almost $4,000 in monthly rent, though, these are the types of properties where you might want to pick up one of them, or five of them as investments leveraging the GRE duck and getting position for this likely next inflationary wave from an energy shock. I don't want to steal all the thunder from the event, but expect the provider to offer two years of free property management as well. One last time it all takes place next Thursday the 28th at 8pm Eastern. Sign Up Free at gre webinars.com until next week. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 1  41:49   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests on their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  42:18   The preceding program was brought to you buy your home for wealth, building, get richeducation.com you.

The Federal Reserve Board begins this week with a new chair, Trump appointee Kevin Warsh. The Fed is a nonpartisan government body tasked with setting interest rates and controlling inflation, but since the start of Trump's second term, former Fed chair Jerome Powell endured enormous pressure from the president, including a federal investigation against him, which has since been dropped. Can we trust our central bank to retain the independence that has made the U.S. the center of the globe's financial system? We talk with the makers of a new Frontline documentary, “The President vs. The Fed.” Guests: James Jacoby, director, "The President vs. The Fed;" Jacoby has won an Emmy award for his previous film "Amazon Empire," and a Peabody award for his film "The Facebook Dilemma" Anya Bourg, producer, "The President vs. The Fed;" previous films include "The Facebook Dilemma" Learn more about your ad choices. Visit megaphone.fm/adchoices

This week: Kevin Warsh took over as Federal Reserve Chair, while Jerome Powell will remain on the board. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss how the Donald Trump appointee will deal with pressure from the president to lower rates despite rising inflation. Then, they cover Trump's visit to China and what it could mean for the US-China power balance, particularly within the AI arms race. And finally, they get into how the AI boom is making semiconductor chips the “It Girl of the global economy.”In the Slate Plus episode: Are we sick of subscriptions? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

This week: Kevin Warsh took over as Federal Reserve Chair, while Jerome Powell will remain on the board. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss how the Donald Trump appointee will deal with pressure from the president to lower rates despite rising inflation. Then, they cover Trump's visit to China and what it could mean for the US-China power balance, particularly within the AI arms race. And finally, they get into how the AI boom is making semiconductor chips the “It Girl of the global economy.”In the Slate Plus episode: Are we sick of subscriptions? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

This week: Kevin Warsh took over as Federal Reserve Chair, while Jerome Powell will remain on the board. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss how the Donald Trump appointee will deal with pressure from the president to lower rates despite rising inflation. Then, they cover Trump's visit to China and what it could mean for the US-China power balance, particularly within the AI arms race. And finally, they get into how the AI boom is making semiconductor chips the “It Girl of the global economy.”In the Slate Plus episode: Are we sick of subscriptions? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

If you have a credit card, hope to buy a house, or just want stable grocery prices – let's talk about the future of Fed independence!It's impossibly important for the Federal Reserve to steer monetary policy without political interference – an ideal pushed to its brink during Jerome Powell's time as Fed Chair.Powell's Fed faced a once-in-a-century pandemic, oversaw the economy as inflation spiked to about 9 percent … went back down to nearly 2 percent … and has started to go back up as the U.S. has gone to war and continued to try and implement the most comprehensive tariffs since the early 1900s.But perhaps Powell will be best remembered as a target – of angry tweets, speeches, and ultimately a criminal investigation, by the very president who nominated him in the first place.On Powell's last day as chair, we ask where his story fits into the sweep of history. We'll hear from someone who was on the Fed Board when Powell was appointed … and when President Trump started to pressure Powell. Plus, we learn what to watch for to see if Fed Independence is crumbling – or holding – as a new Fed Chair nominated by President Trump takes office.Recommend Listening: - Happy Fed Independence Day - The case for Fed independence in the Nixon tapes - A primer on the Federal Reserve's independence - Trump's unprecedented attack on the Fed - Should presidents have more of a say in interest rates? - Lisa Cook and the fight for the Fed - What happens to central banks under pressure?Book info. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Kenny Malone and Erika Beras. It was produced by Sam Yellowhorse Kesler, edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Robert Rodriguez and Cena Loffredo. Planet Money's executive producer is Alex Goldmark. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

President Trump heads back to the States after his big Beijing trip, the Supreme Court deals a blow to the effort to end abortion by mail, and Fed Chair Jerome Powell's troubled tenure officially ends. Get the facts first with Evening Wire. - - - Ep. 2789 - - - Wake up with new Morning Wire merch: https://bit.ly/4lIubt3  - - - Today's Sponsor: Balance of Nature - Go to https://BalanceofNature.com today and get 10% off the Whole Health System™ supplements when you use discount code: WIRE - - - Privacy Policy: ⁠https://www.dailywire.com/privacy⁠ morning wire,morning wire podcast,the morning wire podcast,Georgia Howe,John Bickley,daily wire podcast,podcast,news podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices

There are more travel agents than ever… because AI can't do taste.The biggest IPO of the year so far is Cerebras… this IPO is about wafers and weddings.It's Fed Chair Jerry Powell's last day of work… we give him two grades for his 8-year tenure.Plus, Kool-Aid now thinks it's a wellness brand… so do gummy bears and Kraft Mac & Cheese.$CBRS $KHC $BKNGNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today's top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

#846: Kevin Warsh confirmed as the next Fed Chair as Jerome Powell looks back on a tumultuous tenure. Swatch and Audemars Piguet collaborate on a Royal Pop collection that has fans waiting in long lines outside. The tobacco industry scores a win as the FDA clears the way for them to make flavored vapes. Honda posts its first-ever annual loss after a pullback from EVs. Finally, what the heck is Instagram's ‘Instants'? Explore connectivity solutions that can transform your business at https://www.att.com/smallbusiness Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here:⁠ ⁠⁠https://www.swap.fm/l/mbd-note⁠⁠⁠  Watch Morning Brew Daily Here:⁠ ⁠⁠https://www.youtube.com/@MorningBrewDailyShow⁠ Paid endorsement. Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Not investment advice. See terms of match program at https://public.com/disclosures/matchprogram. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a free preview of a paid episode. To hear more, visit andrewsullivan.substack.comJerusalem is a journalist and entrepreneur. She's a former staff writer at The Atlantic and a former policy writer and podcaster at Vox. Last year she founded The Argument, a liberal magazine on Substack, where she serves as CEO and editor-in-chief. We went at it on liberalism and how to reform the Democrats.For two clips of the episode — on Biden's biggest mistakes, and how DEI went off the rails — head to our YouTube page.Other topics: born in Ethiopia as an Eritrean Christian; why her father became an atheist then converted back to Christianity; growing up in suburban Maryland and becoming a citizen at age 14; the formative influence of Amartya Sen's The Argumentative Indian; being a Christian in a secular-left bubble; the stagnation in England before Thatcher; imposing liberalism on Iraq; torture under Bush; the long Great Recession; the American Rescue Plan and inflation; Biden ceding order on immigration; Greg Abbott exporting migrants to liberal cities; rural and retired voters most against immigration but least affected; cancel culture; the race card on immigration; the antisemite card on Israel; US aid to Israel; Hormuz and oil prices; Jerome Powell; DEI and the NYT lawsuit; diversity vs quotas; trans issues; the suicide canard; orgasm loss and FGM; opposition to bathroom bills reversed; Bostock; housing policy and abundance; ICE in Minneapolis; JD Vance; Kamala and Hillary; Jon Ossoff; and Keir's cautionary tale for moderate liberals.Browse the Dishcast archive for an episode you might enjoy. We have some real stars coming up: Ben Rhodes on Iran and speech-writing, Harvey Mansfield on modernity, HW Brands on the life of George Washington, John Gray on Trump's new world, Bob Wright on the evolutionary force of AI, Tiffany Jenkins on privacy in a liberal democracy, Daniel McCarthy on conservatism, Stephen Grosz on the struggles of love, and Robby George on all our disagreements. Please send any guest recs, dissents, and other comments to dish@andrewsullivan.com.

Jerome Powell's eight-year role leading the Federal Reserve is over. His term will be remembered as one of the most turbulent and politically charged in the central bank's history. William Brangham discussed Powell's impact and legacy with Jason Furman. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

After a year of harassing and threatening Jerome Powell, the chairman of the Federal Reserve, President Trump replaced him on Wednesday. Colby Smith, who covers the Fed, explains how the president ended one standoff only to create a new one. Guest: Colby Smith, a New York Times reporter covering the Federal Reserve and the U.S. economy. Background reading:  The Senate confirmed Kevin Warsh as the new chair of the Federal Reserve. Video: How Jerome Powell managed a chaotic era. Photo: Kenny Holston/The New York Times, Caroline Gutman for The New York Times For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.  Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A new chairman is taking over from Jerome Powell at the Federal Reserve. But Powell isn't leaving. He plans to stay on as a voting member on the Fed's board of governors. WSJ's Nick Timiraos reflects on Powell's tenure and unpacks his controversial decision to remain at the central bank. Jessica Mendoza hosts. Further Listening: - Who Is the New Fed Chair? - Why is the Fed Chair Facing a Criminal Investigation? Sign up for WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Money Moves is back as Matty A. and Ryan Breedwell unpack a wild convergence of market signals. The S&P 500 has smashed through the 7,400 mark, locking in the best April in a decade, completely shrugging off geopolitical tensions and historically low consumer sentiment. But not everyone is buying the hype. "Big Short" legend Michael Burry has placed a massive $1 billion short against AI darlings like Palantir and Nvidia. Is a bubble about to burst, or is the AI revolution just getting started?The guys break down why institutional giants like Blackstone are doubling down on AI infrastructure, preview the incoming Fed Chair Kevin Warsh replacing Jerome Powell, and discuss whether a July rate cut is still in the cards. Plus, updates on the 10 million single-family home shortage, surging multifamily vacancies, and why Ryan believes Ethereum's volume will eventually flip Bitcoin.Episode HighlightsMichael Burry's Billion-Dollar Short: Analyzing Burry's massive bets against Nvidia and Palantir, and why Ryan argues the AI sector has real capital and utility backing it up, unlike the 2008 housing crisis.The S&P 500 Melt-Up: Unpacking the market's record-breaking run to 7,400, driven by broad participation beyond just the "Magnificent Seven."Fed Chair Shakeup: Jerome Powell is stepping down May 15th. What Kevin Warsh's Senate confirmation and hawkish history mean for the highly anticipated July rate cut.Geopolitical Chess: Trump is taking Elon Musk and Tim Cook to meet with China's Xi Jinping, while Russia signals a ceasefire in Ukraine.Real Estate Realities: Why the US is short 10 million single-family homes, the impact of 13-18% hard money rates, and Blackstone's $150 billion pivot into data center REITs.Crypto Watch: Bitcoin hovers near $81.7k, but Ethereum's trading volume is rapidly closing the gap.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555FREE Financial X-Ray: Text  "XRAY" to 844-447-1555IIMAGOS INCOME FUND: Full Investor Presentation: Text “INCOME” to 844-447-1555

In the wake of the Supreme Court's seismic redistricting decision, Harry talks with David Gura, Juliette Kayyem, and Tara Setmayer to take stock of the ruling's impact, the aftershocks of the White House Correspondents' Dinner attack, and Jerome Powell's stand against Trump. How will the Callais ruling reshape the political map and Black representation in the South? Will Powell's successor prove a Trump lapdog? And what are the political and policy ramifications of the latest episode of political violence?  Mentioned in this episode:  David's reporting: https://www.bloomberg.com/authors/AWxIJr64omw/david-gura Juliette's analysis: https://www.theatlantic.com/author/juliette-kayyem/ Tara's Substack: https://tarasetmayer.substack.com/  Juliette's piece about the WHCD attack: https://www.theatlantic.com/ideas/2026/04/safety-security-whcd-prevention/686969/  Atlantic piece on the rise of so-called normie extremists: https://www.theatlantic.com/national-security/2026/04/cole-allen-whcd-trump-extremism/686993/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The Pentagon estimates the war with Iran has already cost 25 billion dollars as Defense Secretary Pete Hegseth defended the cost of the war in a hearing before the House Armed Services Committee on Wednesday.Federal Reserve Chair Jerome Powell says he will remain on the central bank's board after his term ends next month to shield the agency from political pressure.The Supreme Court ruled Wednesday that the Voting Rights Act only prohibits congressional maps intentionally drawn to discriminate based on race, a decision that could make it much harder to challenge aggressive Republican-led redistricting efforts.Want more analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Andrew Sussman, Rafael Nam, Ben Swasey, Mohamad ElBardicy, and Ally Schweitzer.It was produced by Ziad Buchh and Nia Dumas.Our director is Christopher Thomas.We get engineering support from Neisha Heinis. Our technical director is Carleigh Strange.And our deputy Executive Producer is Kelley Dickens.(0:00) Introduction (02:18) Hegseth Defends Iran War(06:07) Powell Stays On As Fed Chair(09:55) SCOTUS Voting Rights CaseSee pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

On Wednesday, the Supreme Court struck down a 2024 Louisiana district map that created a second majority-Black voting district for use in future elections. In a 6-3 decision, the Court found that the Voting Rights Act did not authorize states the ability to create majority-minority voting districts. The ruling didn't overturn Section Two of the Voting Rights Act, but in the dissent, Justice Elena Kagan argued that it had done so in all but deed. Leah Litman, host of Crooked Media's legal podcast Strict Scrutiny, joins the show to tell us what this means for the future of Black voters, redistricting, the midterms, and America.And in headlines, the House Armed Services Committee grills Secretary of War Pete Hegseth over his handling of the war with Iran, Jerome Powell isn't backing down in his feud with Trump, and a Japanese airport tries out baggage handling humanoid robots.Show Notes: Check out Strict Scrutiny – https://tinyurl.com/7dfbhmc5 Call Congress – 202-224-3121 Subscribe to the What A Day Newsletter – https://tinyurl.com/y4y2e9jy What A Day – YouTube – https://www.youtube.com/@whatadaypodcast Follow us on Instagram – https://www.instagram.com/crookedmedia/ For a transcript of this episode, please visit crooked.com/whataday

Why is a civil rights organization being accused of funding white supremacist groups? On this week's Insider podcast, Preet Bharara and Joyce Vance break down the Justice Department's 11-count indictment against the Southern Poverty Law Center. This segment is available for free to listeners of Stay Tuned. To hear the full episode, become a member at cafe.com/insider or staytuned.substack.com/subscribe. You'll also get access to other exclusive content. Topics covered in the full episode include:  – The apparent attempted assassination of President Trump at the White House Correspondents Dinner and the charges filed; and – DOJ's decision to drop the investigation into Federal Reserve Chair Jerome Powell. CAFE Insiders click HERE to listen to the full analysis.  Join Preet and Barb McQuade live at the 92NY on May 31st: cafe.com/barb Subscribe to our YouTube channel. This podcast is brought to you by CAFE and Vox Media Podcast Network.  Executive Producer: Tamara Sepper; Supervising Producer: Jake Kaplan; Associate Producer: Claudia Hernández; Senior Audio Producer: Matthew Billy; CAFE Team: Celine Rohr, Nat Weiner, Jennifer Indig, and Liana Greenway. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A Pentagon bus crash leaves several War Department officials injured, the DOJ drops its investigation of Jerome Powell, and the number of single men seeking surrogacy rises. Get the facts first with Evening Wire. - - - Ep. 2751 - - - Wake up with new Morning Wire merch: https://bit.ly/4lIubt3  - - - Today's Sponsor: Good Ranchers - Get $25 off your first order and free meat for life when you use code WIRE at https://GoodRanchers.com  - - - Privacy Policy: ⁠https://www.dailywire.com/privacy⁠ morning wire,morning wire podcast,the morning wire podcast,Georgia Howe,John Bickley,daily wire podcast,podcast,news podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices

It was another busy week in politics. We discuss the Justice Department's decision to drop its investigation into Federal Reserve Chair Jerome Powell, the status of negotiations over funding for the still-shut-down Department of Homeland Security, Congress and cabinet members who left their positions, and more. This episode: senior political correspondent Tamara Keith, congressional reporter Sam Gringlas, and White House correspondent Franco Ordoñez.This podcast was produced by Casey Morell and Bria Suggs, and edited by Rachel Baye. Our executive producer is Muthoni Muturi.Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at plus.npr.org/politics.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

President Trump extends the ceasefire with Iran indefinitely as Iran calls the extension meaningless and accuses the U.S. of preparing a surprise attack.Virginia voters narrowly approved a ballot measure letting Democrats redraw the state's congressional map, potentially flipping four House seats this fall. And Kevin Warsh told the Senate he wouldn't be the president's sock puppet at the Federal Reserve, but Republican Senator Thom Tillis is still threatening to block his confirmation until the Justice Department drops its investigation of current Fed Chair Jerome Powell.Want more analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Rebekah Metzler, Ben Swasey, Rafael Nam, Mohamad ElBardicy, and Lindsay Totty.It was produced by Ziad Buchh and Nia Dumas.Our director is Christopher Thomas.We get engineering support from Neisha Heinis. Our technical director is Carleigh Strange.And our Supervising Producer is Michael Lipkin.(0:00) Introduction(01:54) Trump Extends Ceasefire Indefinitely(05:44) VA Redistricting Results(09:18) Warsh Fed HearingSee pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

The ceasefire between the U.S. and Iran expires soon as President Trump calls an extension highly unlikely and Vice President JD Vance heads to Pakistan for talks Iran won't publicly confirm it will attend.Labor Secretary Lori Chavez-DeRemer resigned amid allegations of an affair with her bodyguard, drinking on the job, and using taxpayer money for personal travel, becoming the third cabinet member to leave in less than two months.And President Trump's pick to lead the Federal Reserve faces his confirmation hearing today, but Republican Senator Thom Tillis is threatening to block it until the Justice Department drops its investigation of current Fed Chair Jerome Powell.A previous version of the story "Iran Ceasefire Deadline" incorrectly said the ceasefire between the US, Iran and Israel expires today. It expires on Wednesday.Want more analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Ruth Sherlock, Emily Kopp, Rafael Nam, Mohamad ElBardicy, and HJ Mai.It was produced by Ziad Buchh and Nia Dumas.Our director is Christopher Thomas.We get engineering support from Neisha Heinis. Our technical director is Carleigh Strange.And our Supervising Senior Producer is Vince Pearson.(0:00) Introduction(01:58) Iran Ceasefire Deadline(05:59) Labor Secretary Out(09:33) Hearing For New Fed ChairSee pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy