Welcome to the Rest is Politics, US, in the lovely state of...

We're in Jackson Hole, Wyoming. We're in the beautiful state of Wyoming.

And unfortunately, our background doesn't do justice to how beautiful this is, but I've been driving around on a car out here Caddy I'm like driving through a postcard it's quite magnificent also the

most conservative state in the country and the highest number of Trump

voters per capita in the country but that's just an aside anyway we're

having a great time there's only 500,000 people here but anyway this is also

five of them voted for Kamala Harris

yeah this is the largest state per person said differently. There's 500,000 people on a tremendous landmass. And a lot of cows. A lot of cows. And the beef is good, as we know, because we tried the steak last night, which was delicious. Anyway, here we are. We are going to talk about Trump and Zelensky and all that's been happening in the White House this week. First of all, of course, we had the Alaska meeting that we already spoke about. Then we had this extraordinary display of European unity descending on Washington, D.C. I don't think we've seen anything like that since the Iraq War. Where we are, is there going to be a second meeting, is there going to be a ceasefire? Are there going to be security guarantees? All that up in the air. But Europeans I've spoken to breathing something of a sigh of relief. And then in the second half, Anthony, we're going to talk about where the US economy is. There's kind of a lot of mixed messages. Are there storm clouds on the Wyoming horizon so we'll get into

that in the second half what do you think well I mean so we are at the Wyoming

blockchain symposium and there are some Fed officials here this conference

dovetails off of the Fed Federal Reserve Conference and some of the Fed officials

looking through the data would tell

you that there is weakening there is weakening unemployment data which would suggest

that there's going to be a rate cut obviously Wall Street thinks there'll be a 25

basis point rate cut in September if the Fed wanted to loom large over the economy

they would cut 50 basis points.

But the economy is weakening.

The question is, is it weakening cyclically, catty, or is it weakening as a result of the tariffs that have been put in place?

Are they finally digging into the economy now with some level of gnashing of teeth?

We'll talk about that in the second half.

Talk about that in second half.

Let's talk about Trump and Zelenskyy and the other European leaders that descended upon the White House this past week.

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