Peterson's Kirkegaard Doesn't See Sweeping Tax Reform

The transcript discusses the challenges faced by Republican lawmakers in passing tax reductions due to their slim majority in Congress. It also speculates on the appointment of the next Federal Reserve chair, with Jay Powell being a likely candidate. The discussion highlights the potential market implications of this decision and President Trump's preference for appointing loyal individuals.

What is one of the main challenges faced by Republicans in passing tax reductions?

• Lack of public support

• Opposition from the President

• Slim majority in Congress

• Economic downturn

Who is currently a leading candidate for the next chair of the Federal Reserve?

• Jay Powell

• Kevin Brady

• Jacob Lew

• Janet Yellen

What is a potential benefit of reappointing Janet Yellen as Fed Chair?

• Stability in monetary policy

• Increased market uncertainty

• Higher interest rates

• Reduced stock market performance

What is a key factor in President Trump's selection process for the Federal Reserve chair?

• International relations

• Public opinion

• Personal loyalty

• Economic expertise

Why might President Trump choose someone other than Janet Yellen for the Fed Chair?

• To make his own mark

• To increase interest rates

• To maintain consistency

• To reduce market stability