Trump's Hush Money Indictment & Fed Inflation Gauge Cools 3/31/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 31 March 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former President Donald Trump has been indicted by a grand jury for hush money payments to porn star Stormy Daniels just before the 2016 election. It marks the first time a former U.S. president has been charged with a crime. CNBC’s Eamon Javers reports on Trump’s indictment and what it means for the future of the Republican party. The Fed’s key inflation gauge rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. Jason Furman, former chair of the Council of Economic Advisers and Harvard economics professor, discusses his current thoughts on the Federal Reserve. Plus, Atlantic Council CEO Fred Kempe discusses the United States’ relationship with China and what it means for big tech companies like TikTok, Apple and Tesla. In this episode: Jason Furman, @jasonfurman Fred Kempe, @FredKempe Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @ZachVallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C.M.C. producer Zach Valisei, today on our podcast.
0:09.0	Former President Donald Trump indicted for hush money payments.
0:13.8	So what does it mean for his political future?
0:16.3	And why now?
0:17.6	CNBC's Aeman Javers.
0:19.9	Will his base rally around him here in his time of legal peril or are we going to see
0:23.2	Trump supporters start to look for another Republican alternative.
0:26.4	The state of the market and what it means for the Fed's next move,
0:30.6	former C. E. A. Chairman and Harvard Professor Jason Furman.
0:34.4	Look, the longer this goes, the harder it gets.
0:36.7	If the Fed had acted earlier on the rates, we might have had less of a financial stability
0:40.9	problem now.
0:41.8	Plus, America's continued strain relationship with China,
0:46.0	and if there's ever hope for resolution in the future,
0:49.0	Atlantic Council President and CEO Fred Kemp.
0:52.0	The question is, how do we get into habits of behavior where we can actually negotiate these things.
0:56.5	We don't have balloon going over our territory that brings us to the edge of something first.
1:02.2	It's Friday, March 31st,
1:04.4	Squack Pod begins right now.
1:06.8	Stand Becky by in three, two, one, cure please.
1:12.0	Good morning, everybody. Welcome to Squackbox here on
	...

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