Congress Heads Out, but Washington Keeps Working
WashingtonWise | EP144
Congress Heads Out, but Washington Keeps Working
Congress may be heading out the door for its annual summer recess, but there is still plenty going on in Washington that could affect markets and portfolios. Host Mike Townsend dives into why the Federal Reserve remains the most important policy story for investors, including this week's decision to hold interest rates steady, the committee's cautious approach to inflation, and new Chair Kevin Warsh's plan for a major overhaul of how the Fed operates. He also discusses how the ever-evolving tariff regime is creating planning challenges for companies; how AI regulation and public resistance to data centers are emerging as key issues for this booming industry; the Bureau of Labor Statistics focus on ensuring the integrity of economic data; and efforts by Congress to avoid a pre-election government shutdown. Plus, Mike shares his outlook for the highly competitive midterm elections and why he thinks split control of Congress is the most likely outcome.
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