All right, let's officially now bring in David Zervos, chief market strategist at Jeffre, as well as a CNBC contributor, also on the not so short list of 11 candidates who may replace J. Pal. Welcome.That was that was a long introduction, Melissa. It was I mean, there's so many mantles which you carry these days. And a frequent guest here, which is how we know him.We don't really care about the stuff. What did you make of the number today. I don't make a lot of it. I I Steve said it's a very volatile number ...

Monetary Policy & Advisory - The firm has been discussing monetary policy with Secretary Besson on a weekly basis for approximately 12 years [1] - The speaker received a call last Wednesday indicating inclusion on a list [1] Uncertainty & Guidance - The speaker is currently awaiting further guidance on future steps [2] - The speaker was not in the expected location when the list was released due to being in Jackson Hole [2]

Monetary Policy & Interest Rates - Treasury Secretary suggested the Fed should consider a 50 basis points (0.5%) rate cut at the next meeting in September [1] - The market has indicated for three years that monetary policy is too tight, as the ten-year Treasury yield has been trading below the Fed funds rate [10] - The Fed's own standards suggest interest rates are well above neutral [9] - There is pressure for lower rates, and the list of potential replacements for Jay Powell is expanding [19] - Lower rates would help interest-sensitive sectors of the economy like housing, autos, and manufacturing [23] Trade & Tariffs - President Trump is trying to protect U S business and industry through negotiations with China [2] - The Nvidia chip export tax is being considered as a model for others, potentially moving towards industrial policy [4] - National security concerns are a significant factor in trade policy [3][5] Data & Economic Indicators - Concerns exist regarding the integrity and quality of BLS (Bureau of Labor Statistics) data due to patterns and magnitude of revisions [7][8][13] - There is a need for more rigorous quantitative standards for economic data [7] - The trend in payroll growth has slowed [9] - The economy rebounded in the second quarter, and growth in the third quarter looks good [31]

Federal Reserve Leadership & Structure - The president has the opportunity to reshape the Federal Reserve committee [1] - There is concern about the foundations of the Fed and potential lack of accountability regarding cost overruns [3] - A replacement for the Coogler seat is being considered, with private sector names among the candidates [4][5] - The process of selecting a Fed chair involves interviewing 10-11 people to discuss monetary and regulatory policy [7] - The Fed is considered one of three regulators (Federal Reserve, OEC, and FDIC) [7] Monetary & Regulatory Policy - Monetary and regulatory policy are key discussion points in the Fed chair selection process [7] - The Fed needs to understand its role as one of three regulators [8] Personnel Decisions & Timeline - Stephen Morrow's confirmation is being expedited [1] - Myron is not expected to stay on past his January term [4] - The timeline for naming a new Fed chair is extended by putting Stephen Myron in place [8] - The president is open-minded in the selection process, considering candidates with diverse views [8][9]

Thursday’s vote saw the BOE’s two most senior voices on monetary policy pitted against the governor https://t.co/8APedPZA2r ...

So, for more on all this, let's bring in Jason Ferman. He's a professor at Harvard's Kennedy School and a former CEA chairman himself. Jason, it's terrific to see you on this Friday.Uh, you're you're a former Obama guy, so I think our audience is going to expect that you're going to throw rocks here at Myron. So, let's start with something other than rock throwing for a second. Uh, let's start with the, you know, the most positive thing you can think of about this Myron pick.>> Uh, I don't know if it's the ...

Everyone always talks about four names in the running. Although President Trump has told us Scott Bessant asked him to stay at Treasury. So that leaves the Kevins one of whom is normally hawkish.WARSH Right. And then Chris Waller, who's been telling the Trump line, really, Waller has always been seen as sort of the insurance policy for the president, because he's already on the board and he is already confirmed. He would have to undergo another confirmation process to become chair.But it is likely very like ...

>> Hopefully you're watching. But yesterday we spoke with President Trump about Jay Powell's replacement. Joining us now well let's listen.Here we go. >> I have two other people that are doing well. You look it's in the end.There are numerous people that are qualified. No I think that it will be one of four people. >> Are the other to make the.>> Decision soon. >> Joining us now, Krishna Guha, vice chairman at Evercore ISI and the Journal actually has a lead story on what we were talking about, Kristen. And ...

A member of parliament in the Liberal Democratic Party added his voice to those calling for the Bank of Japan to tighten monetary policy in order to bolster the yen https://t.co/SpyaqMY37j ...

Brazil’s central bank said it will keep a cautious stance on monetary policy as it works to tame above-target inflation, warning of increased uncertainty caused by US President Donald Trump’s trade tariffs https://t.co/FveH2kGZHx ...