Sumerlin Supports 50 Point Fed Rate Cut

President Donald Trump narrowing his choices to replace Fed Chair Jay Powell to three or four names, saying he'll announce his nominee a little earlier than initially expected. Joining us now is the former economic adviser to President George W Bush, Mark Sumlin. Mark, of course, your name has been in the mix as well over the past week or so.Welcome to the program. Let's just start with the base case, the case for rate reductions. Mark, what do you think the strongest case there is right now.Right. I think ...