David Gurra

He's there for the Shangri-La dialogue, this big international conference for security and defense.

He's expected to deliver a major speech, Karen, on Saturday, where he's going to reinforce Washington's message on what things should be happening in the Indo-Pacific, build on the conversations that took place between President Xi and President Trump in China.

I should say China's representative is not going to be at that conference, but the goals here are twofold.

Again, build on those talks and also kind of reinforce or underscore the lines that the U.S.

has drawn about what it wants to see happen between the world's two largest economies.

So

So a critical speech from the defense secretary again scheduled to take place on Saturday morning.

Yeah, I mean, it was a busy week, a lot of signal moments.

You know, I think we had a great piece at Bloomberg this week looking at what we've seen in terms of long-term yields and the fact that manifest in all of that is this fear that inflation isn't coming down anytime soon.

Yes, the war in the Middle East is contributing to that, but there are other factors at play as well.

And I think you're right to cap it off with what we saw in the East Room of the White House today.

That's Kevin Warsh being sworn in to the Fed, now the chairman.

inheriting a very difficult, a very difficult job.

I don't envy him.

I think the president made a joke about that as well, that it's, you know, there are easier jobs than the one that he faces here.

And I think that remove that he had, the fact that that ceremony took place in the White House was probably a nice thing because it was a bit more of an extended diversion from the fact that when he gets back to the Fed, if he wants to do all that he said he wants to do, implement all the reforms he wants to do, do what the president wants him to do, which is agitate for cuts, that is a harder and harder mission for him to try to accomplish.

You know, I think that's probably the case.

And there has been this roiling debate about forward guidance.

You know, how worthwhile is the information that Fed policymakers are giving us in advance of meetings?

I think.