"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Former Kansas City Fed President, Esther George, discusses whether or not when the Federal Reserve decides to cut rates will it risk Fed credibility. Dominic LeBlanc, president of the King’s Privy Council for Canada and minister for Canada-US trade, explains why Canada is removing its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal. Evelyn Farkas, former Deputy Assistant Secretary of Defense for Russia, Ukraine, & Eurasia shares her thoughts on how much leverage President Trump has in stopping the war in Ukraine.
Chapters:
00:00:00 – Late Edition of Balance Power Begins
00:02:09 – Michael McKee Recapping Fed Chair Jerome Powell’s Speech, Powell Opens Door to Interest Rate Cut
00:04:18 – Skylar Woodhouse on US Govt. Makes $8.9B Investment in Intel Stock, Trump Saying He’ll Fire Lisa Cook if She Doesn’t Resign
00:07:49 – Esther George, Fmr. Pres. of the Fed. Reserve Bank of Kansas City, on Any Risk to Fed Credibility if Cut Rates, Impact of Tariffs on Inflation
00:15:54 – Dominic LeBlanc, Minister for Canada-US Trade, on PM Carney Removing Retaliatory Tariffs on US Products
00:24:57 – Power Moves: Vonnie Quinn Discusses Wall Street Having Best Day Since April on Fed Signal, Powell Remarks Reverse 5-Day S&P 500 Slide
00:29:08 – Evelyn Farkas, Fmr. Deputy Asst. Sec. of Defense for Russia & Ukraine, on How Pres. Trump Can Stop Ukraine War, Security Guarantees
00:38:16 – Power Brief: Top Stories Watching Tonight
00:40:25 – Political Panel Reaction to FBI Raids Home of Fmr. Trump Adviser John Bolton, US Investment in Intel, Trump Reignites Pressure on The Fed
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