Rachel Siegel

But he's also coming into a table that's in many ways already set for him and with certain expectations about how the Fed's supposed to react to that.

And so, you know, I think he's going to have some studying to do based on the two press conferences that Chair Powell has left.

And so, you know, I think he's going to have some studying to do based on the two press conferences that Chair Powell has left.

And then he's going to be handed the economy that Chair Powell's, you know, leaving in the sense of the end of his current job.

And then he's going to be handed the economy that Chair Powell's, you know, leaving in the sense of the end of his current job.

Oh, it was.

Oh, it was.

OK, a little under expectations, but not terrible.

OK, a little under expectations, but not terrible.

And I think it's a reflection that all of these things that we're talking about matter, right?

And I think it's a reflection that all of these things that we're talking about matter, right?

They add up.

They add up.

The tariffs add up.

The tariffs add up.

The shutdowns add up.

The shutdowns add up.

Consumer spending adds up.

Consumer spending adds up.

And eventually we get a snapshot of what that all looks like.