Mark Zandi

You know, we need to know that.

There's a Lisa Cook case.

Lisa Cook is on the board.

You know, she's been charged with mortgage fraud.

President has tried to fire her.

She sued saying you can't do that.

So that's now in front of the Supreme Court.

That's a huge decision.

If the Supreme Court says that what the president did is OK, then he's going to fire lots of folks and

presumably, and we're going to see a change fed pretty fast.

But let's see what the Supreme Court does.

If you listen to the kind of the back and forth when they were adjudicating this a couple months ago, it sounded like the Supreme Court was going to figure out a way to not allow the president to do that.

But we'll just see.

We'll see what Chair Powell does.

I mean, he will roll off as Fed chair in May, but his term as a Fed member doesn't end, I think, until the end of 2027.

So he could stay.

Let's see what he does.

So I think investors are saying, let's see how this plays out here.

Let's see.

And I do think at the end of the day, if the Fed does start, it feels like the Fed is losing independence and is setting policy based on politics and not what's good for the economy.