“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Joseph Lavorgna, Counselor to Treasury Secretary Scott Bessent, shares his opposing thoughts on Federal Reserve Chair Powell stating interest rates need to stay high to make sure President Trump’s tariff policy only increases prices of goods once. Senator Jeanne Shaheen (D-NH) discusses the tariff uncertainty issues she is hearing from businesses in her state. Rep. Ryan Mackenzie (R-PA) talks about how his constituents feel about the Trump Tax Bill.
Chapters:
00:00:00 – Late Edition of Balance Power Begins
00:01:54 – Laura Davison on Pres. Trump Imposes 50% Tariff on Semi-Finished Copper Products, What to Expect Ahead of Aug. 1 Tariff Deadline
00:04:13 – Michael McKee on How to Understand Federal Reserve Leaving Rates Unchanged
00:06:59 – Bloomberg’s Power Moves: Romaine Bostick on Markets See Worst Fed Day Since December, Trump Imposes 50% Tariffs on Copper Imports
00:10:34 – Bloomberg’s Power Moves: Ed Ludlow on Microsoft & Meta Earnings
00:15:35 – Bloomberg’s Power Brief: Top Stories Watching Tonight
00:18:02 – Joseph Lavorgna, Counselor to Treasury Secretary Scott Bessent, on Fed Holding Rates, Trump Tariffs, Labor Market Latest
00:24:53 – Sen. Jeanne Shaheen (D-NH) on Tariff Legislation, Tariff Uncertainty for Local Businesses, Signal Gate Latest
00:32:15 – Rep. Ryan Mackenzie (R-PA) on How Constituents Are Receiving the Trump Tax Bill
00:37:21 – Political Panel React to Trump Boasts New GDP Numbers, Fmr. VP Harris Will Not Run for California Gov., Texas Map Redistricting
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