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Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic

upheavals occur, and I'm going to explore the lessons we can learn when

creativity and ambition collide with competition and power.

Listen to Crash Course every Tuesday on the I Heart Radio app, Apple Podcasts,

or wherever you get your podcasts.

And good morning to all of our Bloomberg Television and Radio audience around the world. I'm Michael McKee.

Joining me now, Austin Guil's be. He is the president of the Chicago Federal Reserve Bank,

and we can get his reaction to an awful lot of news in the last 72 to 48 hours.

First let's dive right into it with last night's appearance.

Chair Powell suggested again that March would be too early to cut rates you wouldn't

have enough data to justify that at the time do you agree with him?

Well Michael you know my thing is I never like tying our hands ahead of meetings when you got weeks of data coming through.

It feels like the economy's been quite strong on the growth front.

You got big jobs numbers, you got big GDP numbers better than expected.

But at the same time, we've had inflation better than expected too.

...