Caught in the Canada trade war crossfire
Summary
Marketplace discusses Fed Chair Kevin Warsh’s recent rate hike, noting his comments on "immaculate disinflation" and the political pressure from President Trump to lower rates. The episode explores how rising Treasury yields are shrinking bank portfolios and altering lending strategies, while also examining the impact of US-Canada trade tariffs on small businesses. Additionally, the show covers LinkedIn’s shift toward personal content for job seekers and features a story about a single mother who sold her home to a tenant to escape crippling credit card debt.
Topics discussed
Pega AI platform advertisement
Marketplace intro and guest introductions
Fed Chair Warsh's forward guidance and rate hike rationale
Analysis of 'policy not restrictive' and labor market impact
Trump's pressure on the Fed and concerns for Warsh
Consumer spending trends and bargain hunting behavior
Market wrap-up: equities and bond yields
Impact of rising treasury yields on bank lending
US-Canada trade war effects on small businesses
Daily market numbers and fuel prices
LinkedIn as a job hunting and networking tool
Adventures in housing: selling home to rent it back
Sign-off and credits
Promo for 'This Is Uncomfortable' podcast
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