The Heat: US Economy Woes | Soaring prices

A majority of Americans are deeply concerned about the economy. Nearly three-quarters say incomes aren't keeping up with inflation, driven in large part by escalating energy costs and higher tariffs.

G7 finance ministers met in France this week for talks over the economic fallout from the Middle East conflict and global market volatility amid warnings from the IMF that urgent action is now needed to ease what has become a worldwide economic squeeze. #Heat #G7 #France #tariffs #US #Economy #Inflation #gasprices #energycrisis #affordability #oilmarkets

Guests:

John Tamny is President of Parkview Institute.
Joseph Williams is former Senior Editor of U.S. News and World Report.
Anthony Chan is Former Chief Economist at JPMorgan Chase & Co.

0:00 US inflation, energy costs and tariffs
2:48 Trump's weak dollar policy
3:38 How rising prices are hitting lower-income Americans
6:42 Stock market resilience: why markets keep bouncing back
8:22 What's driving higher corporate earnings
9:44 Stagflation risk and slowing global growth
10:25 Why markets are pricing in a resolution to the Iran conflict
11:50 The K-shaped economy and political fallout for Trump
13:48 AI overvaluation, national debt and stagflation risks
16:30 Is the US national debt on a sustainable path?
17:50 Is the AI sector a bubble?
21:52 Does AI destroy jobs or create new ones?
23:55 What to expect from the Federal Reserve on interest rates
27:34 How the economy could shape the midterm elections

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