GM87: Who Really Sets Policy Now? ft. Anna Wong

Anna Wong, Chief U.S. Economist at Bloomberg, joins Alan Dunne with a clear-eyed assessment of where policy and politics are headed. As markets bet on cuts and the Fed talks balance, she sees a different risk: a slow-burning inflation that’s quietly taking hold. Anna breaks down why tariffs haven’t hit as expected, how AI is already reshaping the labor force, and what’s really driving service-sector price pressures. Beyond the data, the conversation turns to Fed culture, the limits of independence, and what a Trump-aligned central bank might mean in practice. Less about what’s forecast - more about what’s misunderstood. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website. IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here. Learn more about the Trend Barometer here. Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Alan on Twitter. Follow Anna on Twitter. Episode TimeStamps: 02:18 - Introduction to Anna Wong 03:57 - The current state of Fed 06:35 - A potential flare up in inflation 16:19 - Wong's read on the labour market 22:50 - Fed's inflation argument makes no sense 28:59 - The outlook of the housing market 31:15 - Is AI destroying the labour market? 34:20 - The future direction of the Fed and the potential candidates 40:10 - The Fed is losing its balance 48:43 - How increasing Trump representatives could impact the Fed 51:58 - How monetary policy will unfold going forward 54:43 - How we achieve a healthy level...