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 challenges do Republican lawmakers face in states like New Jersey and New York regarding tax reduction?

What is the significance of the slim majority that Republicans hold in the House and Senate?

What are the implications of Jay Powell potentially leading the Federal Reserve?

How might President Trump’s choice for the Fed chair reflect his administration's relationship with the stock market?

What factors influence President Trump's decision-making process when selecting members for the FOMC?