Former President Donald Trump was convicted on all 34 felony charges in his long fought hush money trial. 22V Senior Managing Director and Head of Washington Policy Research Kim Wallace, joins Morning Brief to discuss the implications of this verdict for markets and elections.
Wallace believes that Trump’s conviction will not significantly impact each presidential candidate’s economic policy stance “much at all, if any.” He notes that there is still ample time remaining before the election, and therefore there is “a lot of chum in the water” concerning policy proposals. However, Wallace acknowledges that “it’s going to be a very loud summer” in the wake of Trump’s verdict.
“The president’s team is hoping that their economic message prevails over the headlines about inflation, but we’re not going to know it until September or October, and obviously, that’s exactly when they would want it to happen,” Wallace states. He later adds: “It’s very difficult for either campaign to speak over the impediments or the headwinds that they’re facing.”
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