Jonathan Ferro

The U.S.

Interior Secretary, Doug Burgum there.

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The beginning of a walk into the sunset for the chairman of the Federal Reserve.

Jay Powell only has two more of these meetings on the calendar as the chairman.

of the world's most important central bank.

For the equity market on the S&P 500, still close to all-time highs on the S&P.

On the Nasdaq 100, up by 0.5.

In the bond market, on twos, tens and thirties, we look like this.

Yields just about unchanged.

Your 10-year, 425.

Your two-year, 358.

Journalists did their best to make this one interesting.

Chairman Powell was determined to make it boring.

Take a listen to what the chairman had to say.

TK, just my takeaway, just my observation.

Towards the end, it felt like a man who was looking forward to retiring and stepping down.

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.