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Supreme Court will Answer All Questions on Tariffs Says Rep. Flood

Bloomberg Markets
Thursday, February 12, 2026 at 7:43 PM
~4 min read
Monetary PolicyHousingTrade

Original Report

Six Republicans joined with all-but-one House Democrat on a vote to rein in Trump’s power to impose tariffs on Canada. The result sets up political battle lines over one of Trump’s signature policies...

Six Republicans joined with all-but-one House Democrat on a vote to rein in Trump’s power to impose tariffs on Canada. The result sets up political battle lines over one of Trump’s signature policies as cost-of-living concerns dominate voters’ thoughts. While tariffs have been a significant subject of debate, House Republicans, until Wednesday, had not had to formally vote on them. Mike Flood, Republican representing Nebraska's 1st District joins to discuss on Balance of Power. He also discussed the House approving a slate of changes to federal housing policy, taking a step toward building more homes and driving down the cost of living. (Source: Bloomberg)

Glass House Analysis

Central bank policy decisions made in boardrooms cascade through the economy in ways that touch everyone. A quarter-point rate change might seem abstract, but it determines whether young families can afford homes, whether businesses can afford to hire, and whether retirees see meaningful returns on their savings. The tension between fighting inflation and maintaining employment represents a fundamental tradeoff in economic policy—one that invariably creates winners and losers.

Housing sits at the intersection of economic policy and the American Dream. For most families, their home represents their largest asset and their primary path to building generational wealth. When housing becomes unaffordable, the social fabric frays—young people delay family formation, workers can't relocate for better jobs, and communities lose the stability that comes from homeownership.

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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