Jonathan Ferro

folks to look at what seriously what sterling was doing the way euro was vibrating in that and i would suggest they can go back and say you know we got through that in one piece he's got some advice for the next fed chair stay out of politics stephanie roth of wolf research joins us now for more stephanie the questions loaded with politics he was not engaging he was not playing what was the takeaway for you

This is the appropriate forum.

Away from the politics of Washington, one of the takeaways from that particular news conference that I have is something I've heard repeatedly from a lot of Wall Street participants, market participants, is that the data is going to be better.

It will improve.

The chairman's saying overall it's a stronger forecast than in December.

The data since the last meeting show clear growth improvement.

And a lot of people think that's going to continue because of the tax refunds.

How important are these tax refunds going to be?

Do you think people are overly optimistic about the impact this might have?

What's the answer to that?

Just on the next Fed chair, this from the Treasury Secretary in the last hour or so, speaking to Yahoo, saying the pick may come in a week or so.

It just feels like a rolling week at the moment.

We're waiting another week to get that Fed chair pick.

If you're just joining us, we're live on Bloomberg TV and on Bloomberg Radio.

A Fed rate decision behind us, a decision to keep rates unchanged after cutting at three consecutive meetings.

We did get some dissent.

from two Fed governors, one being Governor Waller, the other being Governor Myron, looking for a 25 basis point reduction.

Let's get to Michael McKee, who was in that news conference with Chairman Powell.

Mike, welcome back.

I give you an A for trying, a big A for trying.