Mike McKee

President of the Chicago Fed.

212,000.

That's up a little bit from 208,000, a revised number from last week, but it is still a very low number.

Continuing claims, 1,833,000 down from 1,864,000 the prior week.

And of course, those are a week delayed.

212,000.

That's up a little bit from 208,000, a revised number from last week, but it is still a very low number.

Continuing claims, 1,833,000 down from 1,864,000 the prior week.

And of course, those are a week delayed.

Well, thank you very much.

And we'd like to welcome all our viewers and listeners around the world to Bloomberg Radio and Television.

And we'd like to welcome Austin Goolsbee to Bloomberg Radio and Television.

I want to start with the next meeting and the meetings beyond, because that's the general focus of the folks on trading desks.

Coming out of the last two years, the focus seemed to be on the unemployment rate, on the labor market and cutting rates to get ahead of a problem with the labor market.

But listening to you this morning, it sounds like you're more concerned about inflation, that inflation may have become the primary risk.

Well, you talk about that a little bit, and it's a question I asked Jay Powell once.

It seems like every time you put out a summary of economic projections, the economic outlook by the various members of the Open Market Committee, the 2% target gets hit two years from now.

The next one, it's two years from now.

Well, now you've got this whole new tariff uncertainty from the Supreme Court.

The president's going to impose, well, he started today, a 10% tariff universally.