The markets have consolidated near their pre-pandemic highs, but the economic data on the recovery is leveling off. In Washington, progress on a new round of stimulus is slow at best, even as extended unemployment relief expires. The future is always uncertain -- but there is more uncertainty now than ever.
Don't worry, get informed! Michael Farr welcomes Jim Iuorio to explain the distortions in the markets, and where he sees opportunities. Dan Mahaffee explains the logjam on Capitol Hill, and the forces that each party are facing within their own caucuses. Dr. Jeffrey Lacker, former President of the Richmond Federal Reserve Bank joins Michael for an extended discussion on where the economy sits, and where it is going. Dr. Lacker has "been in the room" as a member of the Federal Reserve Open Market Committee, and understands the process. Emergency measures were necessary, and have certainly helped -- but Dr. Lacker warns the tools of the Central Banks are limited moving forward.
It's a fantastic new FarrCast filled with information. Join Michael Farr as he explores Wall Street, Washington, and The World!
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