Amara Omeokwe

there are a set of other negative costs that are more in the future and somewhat less tangible, the possibility of higher inflation, more market volatility, less investor confidence.

So the markets are always in some sense trading off these immediate tangible positives against these

future sort of theoretical negatives.

And that's one reason why you should never really expect the markets to respond violently in one direction or another.

There's another factor too, of course, which is exactly as we were just discussing.

There was a very strong pushback, you know, and financial spectrum against this investigation.

So a lot of investors might be concluding that nothing untoward is actually going to happen.

I'm not personally convinced of that, but that might be part of what we're seeing.

Yeah.

Yeah.

And I think you saw some Fed policymakers come out and say that as they were kind of discussing the situation that, you know, the Fed chair is only one vote on interest rate decisions.

And ultimately, if he's trying if some future chair is trying to push the committee in a direction that they don't think that they should go, then other policymakers can can can push back.

But I think the concern is that we've seen ever escalating attempts by the Trump administration to

to put pressure on the Fed.

And so the question is, where does this stop?

Does it stop?

And does and does it not stop until President Trump ultimately has his own people on the board who are more open to to kind of bending the institution in the ways that he wants to?

Thanks for having me.

In June 1992, President George H.W.

Bush signed the U.N.