Alberto Musalem

On the inflation side, there is a possibility that inflation could stay

higher than we would all like it to be for longer so that the tariffs, you know, wane, but inflation doesn't come down back to target.

So these two risks in my assessment are roughly balanced right now.

And I think policy right now in its current setting is balancing between those two risks in a very appropriate way.

My sense is that policy is neutral right now.

I think he's got enormous credibility.

I think he's got enormous gravitas.

I think he's got enormous respect from financial markets, from economists, from everyone.

I think he's going to do just a knockout job.

I've known Kevin Warsh for about 16 years now.

He's exceptionally qualified for the position.

Mike, good morning.

Great to be here.

I see an economy that has been pretty resilient, where growth has been roughly around potential, around 1.8 for this year, in spite of a lot of uncertainty.

I see a labor market that has been around full employment, is around full employment, has been cooling.

Demand and supply have been cooling.

And I see inflation, which has been closer to the 3% level than to our 2% target.

More data is better than less data, so we will learn.

It always has additional value.

I do feel that we have a pretty good sense of where the economy is.