You always should give everybody a Ford, everybody the presumption of good faith in the same way that whenever somebody is in trial, in trial, they're innocent until proven guilty. So I can't read Scott Besson's minds. I don't know whether he is consciously spouting nonsense, consciously piling on to the Fed, Federal Reserve presidents and saying stuff that he knows isn't true.But what he's doing, ultimately, this is just not okay. There is a I dislike the word gaslighting, but the comment he made to our ow ...

Joining us now to react, Dan Clifton is head of policy research at Strategus, a bar company, and Claudia Sam is New Century Advisors chief economist. Welcome to you both. Claudia, let me just start with you from kind of the I was going to say egghehead, but that would be impolite from the the economics professions point of view on all of this.Um, but also, I mean, you've had some really thoughtful things say about what what is going on with the economy and inflation. What's your reaction to to Worsh's comme ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The FOMC is positioned to wait for more clarity on inflation and economic activity, with a careful approach to adjusting monetary policy due to elevated uncertainty [2][3] - Most participants believe that some reductions in the fed funds rate would likely be appropriate this year, with a median forecast of two cuts in 2025 [3][4] - The Fed staff's economic forecast indicates higher GDP growth through 2027 compared to previous forecasts, primarily due to trade policy announcements [4][8] Summary by Sections FOMC Meeting Minutes - Participants generally agreed on a wait-and-see approach regarding inflation and economic activity, noting that uncertainty had decreased since the May meeting [2] - A few participants suggested that tariffs might only lead to a one-time price increase, while most noted the risk of persistent inflation effects [4] Economic Forecasts - The Fed staff's forecast includes higher GDP growth through 2027 and a lower inflation projection than in May, with expectations for inflation to return to the 2% target by 2027 [8] - The staff anticipates that tariff increases will raise inflation this year and provide a small boost in 2026 [8] Communication Strategy - A preliminary discussion was held regarding potential changes to the Summary of Economic Projections and the addition of alternative scenarios to the FOMC's communications strategy [9]

Okay, we're gonna pass from Steve to Steve. So, Steve Graass, so I'm going to kick it off with you just because the name was top of mind. Nice.Uh, have Steve Leeman on more. Well, listen, two big interviews today. Waller made comments.I just don't know if anybody has any visibility, including Jay Pal on down about where things are going to be given we don't know what oil prices are going to do, inflation's going to do, tariffs are going to do. So, you know, when you look at uh the Treasury Secretary uh Bess ...