Markets move fast. Get the insights you need in 10 minutes with Barclays Brief, a podcast from

Barclays Investment Bank. Each week, our experts analyze market themes, helping you anticipate

what's next. Listen to Barclay's Brief wherever you get your podcasts. Donald Trump is

rewriting the Washington rule book and reshaping the global economy.

If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast

is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg.

Every week, I'll bring you a smart, focused conversation with reporters and experts from

Washington, Wall Street and beyond.

Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.

Bloomberg Audio Studios. Podcasts, Radio News.

This is the Bloomberg Surveillance Podcast.

I'm Jonathan Ferro, along with Lisa Abramwitz and Anne-Marie Hordern.

Join us each day for insight from the best in markets, economics and geopolitics.

From our global headquarters in New York City, we are live on Bloomberg Television

weekday mornings from 6 to 9 a.m. Eastern.

Subscribe to the podcast on Apple, Spotify, or anywhere else you listen.

And as always, on the Bloomberg Terminal and the Bloomberg Business app.

So here's the latest this morning, a key week ahead for the Federal Reserve.

President Trump said to announce his pick for the central bank's next chair as policy makers gear up for the first rate decision of 2026. Michael Dada,

Roth Capital, writing the incoming chair of the Fed will then inherit an increasingly divided

and defiant FOMC. Michael joins us now for more. Mike, welcome to the show. It's good to see you.

Let's talk about why you believe this Fed will be such an unruly Federal Reserve for the next Fed chair. Does the market price

...