Michael McKee

But when the sun comes up in the east, they've been going up cheerfully lately.

Are you worried about the level of asset prices?

Alberto Musalem, thank you very much for joining us this morning, the president of the St.

Louis Fed.

News.

Joining us this morning, Richmond Fed President Tom Barkin here on Bloomberg Television and Radio Worldwide.

And on radio they can't see it, but on television people can see you have a bit of a bandage on your head.

You just had one of those older people's kind of operations.

Yeah, there's no truth that it was what happened in the last meeting.

All right.

Speaking of the last meeting, we came out of that believing that, or at least Wall Street, that you're going to cut rates again in October and maybe in December.

But since then, we've gotten some numbers that show GDP is hotter.

Inflation is still running hot.

And the jobless claims numbers suggest companies aren't laying anybody off.

So should we have less confidence in the path going forward?

Well, the majority...

Majorities seem to believe, at least according to what the chairman tells us, that inflation is going to be a one-time rise in the price level.

Then overnight, we got a bunch of new tariffs, as you just saw, on a lot of different things from the president.

How much confidence do you have in any kind of inflation forecast at this point?

Not much.