A Fed Critique & What the Polls Tell Us 10/24/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 24 October 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve will make its next decision on interest rates immediately following election day. Former Fed Governor Kevin Warsh is advising his former colleagues at the central bank to do less talking, and more thinking. Warsh considers the meaning of inflation, the role of the Fed, and offers his perspective on the last decision to cut rates by 50 basis points. The morning after Vice President Kamala Harris’ town hall with Anderson Cooper on CNN, pollster and strategist Frank Luntz explains why Harris may be struggling to win over persuadable voters. Steve Liesman breaks down CNBC’s latest election survey and explains the margin for error in both state and national polling. Plus, Boeing machinists on strike rejected the company’s latest labor contract, and Peloton’s stock is surging after an investor’s bullish comments. Kevin Warsh 19:11 Frank Luntz 36:44 In this episode: Phil LeBeau, @Lebeaucarnews Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squack Pod and I'm C.M.C. producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	he once sat as a governor on the Federal Reserve, and now he's got some harsh
0:16.2	feedback for his colleagues still at the Central Bank. It's Kevin Warsh.
0:20.9	They don't seem to have a serious theory of inflation that's theoretical and empirical.
0:27.8	It's not obvious that they acknowledge what their role is in prices.
0:33.0	Instead, it has something to do with wars in pandemics.
0:36.0	His advice?
0:37.0	Stop talking so much.
0:39.0	And what the polls say about each presidential candidate's footing as we close in on the
0:45.1	vote with pollster Frank Luntz. The persuadables and it's a tiny percentage, it's
0:50.7	two percent now. They can be moved by Harris, not by Trump.
0:56.2	Should we trust the polls at all?
0:58.6	C. NBC's Steve Leisman has new data,
1:01.7	and a fresh take.
1:03.0	If you want to know who's going to win, you got to look at the battleground states and the trouble
1:06.4	is that the state polling has a larger error than the national polling.
1:11.0	Those stories but first big news from Boeing's negotiations
1:15.9	with its union workers. That's all on today's podcast. It's Thursday
1:21.8	October 24th and Squack Pod begins right now.
1:26.8	Stand Becky by in three, two, one, queue please.
	...

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