I don't think it was at all surprising. the two descents. could have been a bit more interesting. I think myron could have gone for 75 basis points. After all, he wanted 50 last time.

There's 25 that is owed plus another 50 this time. That would have been fun. and Schmidt, where was he last meeting? Where was he last me now you've had more evidence?

The labor market is feeling a bit spungier, and inflation's not as much of a threat as we thought back in September, and suddenly he reemerges, to me it tells me that Powell is losing his grip on the Fed.