Anthony McDonald

It was a fresh voice, wasn't it?

And there's something about a fresh voice, you know, like, yeah, I'd say anyone that listened to our podcast would think that we thought Chairman Pout did a good job under the circumstances and he held it together pretty well.

But you hear a fresh voice and you go, all right, change is healthy.

You get the new guy come in, point out inflation has been well above the target, 2% for five years now.

Let's review everything from the ground up.

How the Fed makes decisions.

What's the data it uses?

How does it communicate to the market?

Walsh came out and he announced a bunch of task forces to rethink all this stuff.

And those task forces might be a giant waste of time, but they might come to something.

Maybe they will help them manage inflation better than they have been in the past.

But, I mean, he's sort of short, sharp to the point, no forward guidance, says this will work best if markets interpret the statement, the data, and everything for what it's worth and for themselves.

and not trying to second guess what the Fed makes of everything.

He's like, he seemed to want markets to do a lot of the work, right?

And forget about the Fed so much and just focus on the numbers that get put in front of them.

I mean, he loved talking about a good family fight.

He used it over and over.

I mean, he clearly wants robust discussions at the Fed, in the FOMC, in all these task forces.

The press conference itself was noticeably different, I thought.

I mean, the nature of questions were very different to what Powell was getting, particularly in the past 12 months.