BANKING SYSTEM. THAT'S WHERE HE WOULD BE WORRIED. DIDN'T SAY IT WAS A CONCERN RIGHT NOW.>> PERFECT SETUP FOR THE REST OF THIS HOUR. STEVE, THANKS SO MUCH. REALLY APPRECIATE IT.THANKS, STEVE. LIESMAN. SO WHO DO THE MARKETS WANT IN THE FED CHAIR POSITION.WHAT'S REALLY AT STAKE IN THAT RACE AND HOW MUCH RISK IS THERE IN THE AI TRADE RIGHT NOW. LET'S BRING IN PETER BOOCKVAR. HE'S THE CHIEF INVESTMENT OFFICER AT ONE POINT, BFG AND A CNBC CONTRIBUTOR.AND MATTHEW MCLENNAN IS CO-HEAD OF THE GLOBAL VALUE TEAM AT FIR ...

It's not that I'm out of bounds for where the rest of the committee is unneutral. It's just that I flipped from having one of the highest neutral rates last year to now one of the lowest neutral rates. And that's driven by things like population growth, right. It's driven by things like fiscal deficits.And if you think about population growth, right, that's normally considered to be one of the biggest drivers of neutral rates. And it's part of the reason why people think that neutral usually moves very very ...