ESG Investing Backlash, Higher for Longer Rates, and a Potential Turn in the Markets 03/03/23

The Republican-led ESG backlash is set to hit President Biden’s desk and his veto pen after the Senate voted to overturn a labor department rule that permits fiduciary retirement fund managers to consider ESG factors in their investment making. Former Deputy Treasury Secretary Sarah Bloom Raskin explains the fight’s path forward. Plus, Fed governor Christopher Waller says the central bank may need to raise rates higher than the 5.1%-5.4% projected range if economic data stays hot. Infracap’s Jay Hatfield explains the impact on markets. And, with the Dow on track to snap a four-week losing streak and the S&P a three-week downturn, where should you invest your money? Charles Schwab’s Jeff Kleintop weighs in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.