Jim Bianco

I think it's one of the most disappointing things that he's done during his chairmanship.

That is a political decision.

The decision was made to push the investigation of the building to the inspector general.

The inspector general finds some malfeasance or wrongdoing with the building, they'll have a criminal referral.

That is appropriate.

He seems to be saying that the Fed has billions of dollars in building construction and no one's allowed to ask any questions about it.

And he's going to stand in the doorway and disrupt the Fed as long as they're going to look into this building.

I think that that is a big, big disappointment.

I would have expected more from him.

It's a victory for Jerome, but I'll take the other side, Bob.

I'll say that it's not as good as it could have been.

I was hoping for a 7-5 vote.

I was hoping for a Fed that was more divided, that was more independent, that was going to send a message to the administration.

You could put a guy in that wants to go to 1%, but he's not going to bully us to cut rates next year just because he's the Fed chairman.

They kind of left the door open, I think, that the Fed can be bullied by the next Fed chairman to do the bidding of President Trump.

I agree.

I think that the Fed has to be very worried about that.

We're worried about affordability right now.

The CPI is up 27 percent since the end of COVID.

And that's what people are upset about.