Gavin Newsom: “Fed policy that is actually not accelerating in terms of…”

“I mean, the largest tax increase on middle class and working folks, I. E. Tariffs, inflation, that's now starting to go back up, and Fed policy that is actually not accelerating in terms of decline in interest rates because of those uncertainties. particularly as it relates to pressure, inflation now is not necessarily moving as quickly to lower borrowing costs as we had otherwise hoped. So I totally agree with that.” (35:22–35:30)

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