Kyle Risdell

Kate Davidson, would you explain, please, why, what is objectively, for those of us in the real economy, good news?

Wall Street was like, no, no, no, man, this is terrible.

Terrible, terrible, terrible.

Heather Long, I know you hate my favorite game.

What is Kevin Walsh thinking in five words or less?

So I'm not going to do that to you.

But certainly the new Fed chair, because some of his colleagues now, Beth Hammock today out of Cleveland, were saying, you know what, the next move might have to be a rate increase.

And that is an interesting position now for the new guy to be in.

Kate, let me ask you this.

The other thing that Powell used to say all the time is it's data dependent.

We want more data.

We're going to go wherever the data leads us.

What do you think members of the FOMC are going to be looking for now data wise?

Heather, can I ask you about revisions?

They were up sharply for the last couple of months.

What do you take that to mean?

Yeah.

Just to be clear, because I saw some of this on the socials today and it's important to be emphatic about this.

No matter what the president of the United States says, these numbers are still the gold standard and nothing is being manipulated to make them look bad.

That's an important point.