Jim Bianco

You can't run as big a deficit because the funding markets can't handle that size of a market.

But if the Fed wants to elect to let's expand the funding markets to meet the size of the bond market,

You're telling Congress, go ahead, spend more money, run bigger deficits.

We've got your back.

We'll continue to expand that funding market to meet those goals.

And the biggest driver of inflation over the last couple of years, other than the supply shock that we had in 21, has been government spending.

And they seem to be encouraging more government spending.

Bob, do you agree with that?

We're going to get a new Fed chairman.

That's the big issue.

And the new Fed chairman is going to be perceived to be having a political agenda.

And you were hoping that the current members of the FOMC were going to act as an independent break on a political agenda that was coming in.

And that's why I wanted to see more dissents to signal that they were ready, willing and able to be that political break.

Now, maybe they will.

once we get that new Fed chairman.

But then that looks political that they didn't take the chance to do it before the new guy came.