Dangers to U.S. Economy from Without and Within

The highly connected global economy can be a positive force when all systems are working well. But when cracks start to form and economies begin to falter, the U.S. economy may not be able to avoid the spillover. Jeff Kleintop, Schwab’s chief global investment strategist, joins Mike Townsend to look at the top concerns in the U.K, China, and Russia and consider how those issues could impact the U.S. They also discuss the problems the strong dollar is creating for emerging markets as they fight their own inflation battles. 

Also, Mike shares insights on a court decision that could impact the Consumer Financial Protection Bureau, the agency that oversees mortgages, auto loans, credit cards, and other consumer financial products. And he highlights an IRS announcement on the inflation adjustments to taxes for 2023, which include increased retirement savings contribution limits, a hike in the annual gift tax exclusion, and more.

WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.

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