Kai Risdahl

Last thing, sir, and then I'll let you go to all those interviews that are probably calling you.

As you know, Jay Powell can stay on the board of governors for another two years.

What do you think?

And he has steadfastly refused to say what he's going to do after his chair position ends in May.

Spitball this for me.

What do you think he's going to do?

Yeah, Tom Telles, Senator from North Carolina, and some others too, as a matter of fact, as this day has played out.

Alan Blinder is Professor of Economics at Princeton, and more to the point, he was once a Vice Chair of the Federal Reserve.

Professor Blinder, thanks for your time, sir.

I appreciate it.

One of the things President Trump thinks is going to happen if or maybe when he gets his way with the central bank and it cuts interest rates the way he wants them to cut, which is to say a lot.

One of the things he thinks is going to happen is that the housing market is going to turn around.

Housing is going to swing and it's going to be great are his exact words.

But as Marketplace's Smith Fields reports, that is far from a foregone conclusion.

There's a real risk that what's actually happening in this economy, how people and small businesses are getting by.

There's a risk that that all gets lost in all the news and agita about monetary policy and the dual mandate and the White House going after the Fed criminally.

So we're going to fix that right now.

Marketplace's Carla Javier is going to do it.

This final note on the way out today, it's about Powell on the face of it, but maybe even more, it's about where this economy is right now, given everything.

The last time I talked to him was at a conference at the San Francisco Fed a couple of years ago.