Central Banks' Race to Bottom Ends When Trade War Ends: JPM's Normand

The transcript discusses the economic implications of the US trade war and rate cuts. It highlights the Fed's cautious approach to tariffs, contrasting with other central banks' actions. The discussion covers the impact on bond yields, potential recession risks, and critiques Trump's economic strategy. The effects of tariffs on corporate confidence and market stability are also examined.

What does the speaker suggest about the timing of potential growth restoration by the Fed?

In what way does the speaker believe the current economic situation could lead to a correction in equities?