Warsh Declines Comment on Any Discussion With President Trump

"Balance of Power" focuses on the intersection of politics and global business. On today's show, Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) say they would not have raised interest rates and discuss the impact of higher rates and inflation on consumers. In a Truth Social post, Trump said that US rates “should be 1%, or less." Chris Phelan, White House Council of Economic Advisers chairman, agrees and says anyway you measure it - inflation is coming down. Chapters: 00:01:53 Bloomberg's Mike McKee on Kevin Warsh, Fed Decision and Inflation Outlook 00:05:36 Power Moves: Top Financial Moves 00:07:46 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) on Rates and Economy 00:11:57 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) on $5,000 Trump Dividend 00:13:23 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) Discuss the Stop Rogue AI Act, AI Regulation 00:20:00 Bloomberg Economics' Becca Wasser and Bloomberg's Courtney McBride on Cost of US Naval Blockade on Iran 00:25:29 Chris Phelan, White House Council of Economic Advisers Chairman, on White House Reacts to Fed Rate Hike 00:32:01 Chris Phelan on Diesel Prices and Inflation Concerns 00:34:32 Chris Phelan on Trump’s Proposed $5,000 Dividend Checks 00:36:52 Political Panel Reacts: Fed, Inflation and Economy, Trump Campaigns for Michael Whatley in North Carolina, Russia Sanctions and Presidential Tariff Authority -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts