The Rich Zeoli Show- Hour 2:

• Dr. EJ Antoni—Economist & Research Fellow in The Heritage Foundation’s Grover M. Hermann Center for the Federal Budget—joins The Rich Zeoli Show to discuss his latest editorial, “The Fed’s Powell Will Have to Play Politics to Keep His Job.” Dr. Antoni writes: “When [Chairman of the Federal Reserve Jerome] Powell was up for renomination, he dutifully kept interest rates below 1% percent and exploded the Fed’s balance sheet, barely keeping it below $9 trillion in an unprecedented act of money creation. When asked about raising interest rates three-quarters of a percent in the face of 40-year-high inflation, Powell said such a move was off the table and called inflation ‘transitory’… Once the Senate confirmed him for a second term as chairman, however, Powell promptly delivered four of those three-quarter-percent interest rate hikes in a row and began reducing the Fed’s balance sheet to belatedly fight runaway inflation.” You can read Dr. Antoni’s full editorial here: https://www.heritage.org/monetary-policy/commentary/the-feds-powell-will-have-play-politics-keep-his-job
• The Florida House of Representatives has passed legislation that would ban minors under the age of 16 from accessing social media. In response, Governor Ron DeSantis suggested he may veto the bill should it arrive at his desk, explaining: “To say that someone that is 15 just cannot have [access to social media] no matter what, even if the parent consents, that may create some legal issues.” You can read more here: https://www.tallahassee.com/story/news/politics/2024/01/26/desantis-concerned-over-breadth-of-house-social-media-legislation/72368316007/
• Should government ban children from being able to access social media? Or are parents responsible to monitor when, and how, their kids use social media? Listeners react to Florida’s proposed legislation.