With the Federal Reserve at the top of the headlines this week, we have a special FarrCast beginning with special guest Dr. Jeffrey Lacker, former President of the Richmond Federal Reserve, now Distinguished Professor at Virginia Commonwealth University, . The Fed has shifted into pause and the balance sheet is moving towards normalization. What does that mean for the economy? For the markets?
Dan Mahaffee joins us from the Center for the Study of the Presidency and Congress -- and there are so many things to study just today! The one point we may have learned from the Cohen testimony is that even if the Mueller investigation is wrapping up, there are other investigations lining up. Elsewhere on Capitol Hill, Trade Negotiator Robert Lighthizer was testifying -- and it looks like the Trump Administration wants some wins, even if it doesn't mean full resolution. Plus Korea, India, Pakistan, and more -- it's a full plate.
To bring it together we welcome back audience favorite Tom Heath from the Washington Post. Tom cuts through the noise -- and reminds us the market has rallied and the economy is sound. Tom reminds us the lesson is the long term investor needs to stay in the market or you'll miss the legs up. We will have a recession sooner or later, but probably later. It takes a patience -- the calendar is the long term investor's friend.
