Introduces breaking news from Fed Governor Bowman and directs to Steve for details.

Reports Fed Governor Bowman's dovish remarks: Fed should remain ready to adjust policy toward neutral unless job market improves; she has downbeat views on labor market, concerned businesses may begin layoffs; private payroll may have started falling; labor market can appear stable until it doesn't.

Asks if Bowman's stance suggests potential dissents if Fed pauses in January.

Agrees it's possible Bowman is setting herself up to oppose a January pause, especially with limited jobs data before then; she is very proactive and concerned about job market outlook.

Shifts topic to breaking news on Fed chair race, citing Trump's comments about Kevin Hassett.

Notes Hassett's odds plunged, helping Kevin Warsh's chances, and asks Steve for analysis.

Explains decline in Hassett's odds followed criminal subpoena of Jay Powell, making a Trump-aligned pick less palatable; markets prefer more independent Fed chair.