Richard Clarida

I don't have a strong opinion on it, but definitely that's a setup for the president to make a Waller decision.

John, for the press conference and for Vice Chairman Clarida, Fed omits language on downside risks to employment having risen.

Let's have a chat with some Amazon people this morning.

Let's talk to UBS this morning.

The mail I get, the mail you get, people think fancy guys like Torsten Slack are nuts when they talk about a fully employed America.

You know, it's as expected, pretty minimal changes to the statement.

If anything, as you mentioned, though, changing in the wording about the labor market, I thought it was a close call going in whether or not we would see Governor Waller or Vice Chair Bowman dissent.

And in the end, we did get the dissent from Chris Waller.

I agree with Torsten, who was on.

Earlier, you know, Chris is a good economist.

He's been consistent and had a good call on the labor market and inflation.

And he's made the case in many speeches that there is a case to get rates down to neutral.

So I take him at his word on that.

In terms of the press conference, obviously no SEP projections or the like.

And I think the reporters will be pressing the chair on what message they should take away from this in terms of the remainder of the year.

When you look at the politics here, I'm hesitant to say Chairman Clarida, but is this a moment where the president goes outside the chosen four candidates?

You know, there has been this speculation.

There was the reporting this morning.

You know, I know each of the candidates.

I think any of them would be a good choice.