As if markets needed any more complicating factors in an already volatile year, the U.S. political season is now in the closing stretch to November’s midterm elections. Major campaign trail issues include record-high inflation, a slowing economy, and an increasingly uncertain geo-macro future. Strategas Research Partners’ Jason Trennert, one of Wall Street’s top independent analysts, joins Real Vision’s Ash Bennington to talk about how these issues relate to each other. He also breaks down the structural drivers he believes will keep inflation persistently higher for longer, even as the Federal Reserve is already “highly embarrassed by where inflation is today.” Energy being a key element of this scenario, Jason and Ash assess the impact of higher prices in the U.S. and Europe, respectively. Jason also digs into what recent U.S. polling data suggests about which party will control Congress come January. Recorded on September 7, 2022.