WEBVTT - Single Best Idea with Tom Keene: Claudia Sahm & Tina Fordham

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>It's single best idea on a Friday after an extraordinary week.

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<v Speaker 2>Just so much thanks to all at Bloomberg, particularly Michael Barr,

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<v Speaker 2>for driving our moment by moment news coverage. A special

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<v Speaker 2>thank you to Miles Miller who joined us on the

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<v Speaker 2>kirk assassination. He's been really leading all of the Bloomberg

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<v Speaker 2>legal coverage and had important conversations on the apprehension of

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<v Speaker 2>a suspect. We thank Miles Miller for that. We attempted

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<v Speaker 2>to commit economics, finance, investment, and international relations this week.

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<v Speaker 2>You can do that with Claudia Sam out of Michigan,

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<v Speaker 2>definitive at the FED noted for the Sam rule, but

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<v Speaker 2>with Claudia Sam, we looked forward to the FED meeting.

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<v Speaker 3>The conversation and the and the rate decision is going

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<v Speaker 3>to hinge on the data and the FED are I mean,

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<v Speaker 3>they are grappling with a really tricky environment in the

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<v Speaker 3>inflation is inflation is too high, it is not, and

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<v Speaker 3>it's not moving towards the Fed's target right now. And

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<v Speaker 3>then you have employment that has really softened. I mean

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<v Speaker 3>it might be structural, might be immigration, but it might

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<v Speaker 3>not be it might be demand as really slipping, and

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<v Speaker 3>so like, the Fed's got one tool and they've got

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<v Speaker 3>two problems that are going in different directions. So they're

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<v Speaker 3>going to have to frame up and really like assess

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<v Speaker 3>from the data which which of these two risks is

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<v Speaker 3>bigger and more persistent. I mean that's the you know,

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<v Speaker 3>that's the way the FED has outlined that it approaches us.

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<v Speaker 3>That's how they're going to do it next week. But

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<v Speaker 3>I mean the reality is this is not going to

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<v Speaker 3>be a normal f MC meeting.

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<v Speaker 2>Claudia sam of New Century Advisors, Tina Fordham is in

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<v Speaker 2>England with wonderful perspective on the events of Europe and

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<v Speaker 2>of course so much still rebounding there about a French

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<v Speaker 2>government collapse. But we did want to look forward, as

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<v Speaker 2>we did with doctor Some with Tina Fordham, to President

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<v Speaker 2>Trump's well orchestrated visit next week to the United Kingdom.

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<v Speaker 1>I suspect that Downing Street will be very careful about

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<v Speaker 1>President Trump's potential encounters whilst he is here, going to

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<v Speaker 1>Windsor Castle, seeing the Queen's tomb, which I've seen, by

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<v Speaker 1>the way, it's really something to behold, as is Windsor Castle,

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<v Speaker 1>I think the emphasis is going to be on the

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<v Speaker 1>good links that exist, but of course in the background

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<v Speaker 1>is going to be the fact that the UK ambassador

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<v Speaker 1>to Washington, Peter Mandelsson, was sacked. I saw that he's

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<v Speaker 1>just been fired from the consulting firm that he works for,

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<v Speaker 1>and that's an embarrassment not only for pure starmer for

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<v Speaker 1>President Trump. It suggests that the Epstein files are real.

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<v Speaker 2>Tina Fordham of Fordham Global Foresight and just an extraordinary week. Again,

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<v Speaker 2>thank you, specially to David Gurra for his assistance on

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<v Speaker 2>a podcast. We're on Apple, We're on Spotify, We're on

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<v Speaker 2>YouTube podcasts. This is a single best idea