Welcome back. Two members of the Fed descending during this week's rate cut decision. Governor Steven Myron arguing for a half a point cut while Kansas City Fed President Jeffrey Schmidt said rates should have been left unchanged.So now we're getting some breaking news as to why Schmidt descended. CNBC senior economics reporter Steve Leeman has the news for us. Steve, >> hey, good morning David.Yeah, Kansas City Fed President Jeffrey Schmidt explaining his descent this morning, joined in separate remarks by ...

10 YEAR YIELDS JUST FLAT HERE, AROUND 4.1%. TURNING TO THE FED, KANSAS CITY PRESIDENT GIVING HIS REASON FOR THE REASON WHY HE DESCENTED. MICHAEL MCKEE IS WITH US NOW.MICHAEL: THE FED'S BLACKOUT PERIOD ENDING LAST NIGHT AND SCHMIDT DISAGREES WITH THE FED LUGS AT THE BALANCE OF RISK. HE SAID I DO NOT THINK THE POLICY RATE WILL NOT MUCH STRESS NECESSARY LABOR MARKET THAT ARISES FROM STRUCTURAL CHANGES. HOWEVER, A CUT COULD HAVE LONGER LASTING INFLATION IF THE FED'S COMMITMENT TO ITS 2.% OBJECTIVE COMES INTO QU ...