On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss President Donald Trump’s warning that the US economy may slow down if the Federal Reserve doesn’t cut interest rates soon. On today’s show, Republican Congresswoman Nicole Malliotakis of New York, Stonecourt Capital Partner Rick Davis, Iona University Professor Jeanne Sheehan Zaino and Beacon Global Strategies Managing Director Michael Allen. Chapters: 00:00:00 – Balance of Power Begins 00:00:27 – President Trumpโs Attack on Fed Chair Jerome Powell Fuels US Selloff 00:04:54 – Bloombergโs Tyler Kendall on Pres. Trumpโs Remarks on Powell, US Market Selloff 00:07:02 – Bloombergโs Gina Martin Adams on S&P 500 Slumps as Trump Reiterates Call for Lower Interest Rates, Stocks & Dollars Sink on Threat to Fed Independence 00:10:16 – Rep. Nicole Malliotakis (R) NY on Washington & Wall Street, Tax Cuts, Budget Reconciliation, Millionaire Tax Hike Talks 00:20:38 – Political Panel Talking About Reports on White House Looking for New Secretary of Defense, Trump Draft Proposal on Reshaping State Departments 00:31:28 – Michael Allen, Beacon Global Strategies Managing Director & Partner, on Pres. Trump Saying Good Chance of Russia, Ukraine Deal This Week ——– More on Bloomberg Television and Markets
