Hello, fellow Rebel Capitals, hope you're well.

So we've got Jerome Powell coming out and talking about the rate decision that is live right now.

We're going to cut to it.

And I'm going to give you my reaction in real time.

And then we're going to discuss today's news.

We've got a lot going on with CBCB, the bank of...

What on earth is that, John? Is that Jerome Powell's intro music?

Yeah, yeah. I don't know what that was. We got Brian there in the background. Holy cow.

Josh must be having a Jerome Powell watch party out there.

Yeah, that's exactly what's happening. All right. Let's cut over to Mr. Powell himself and hear what he's saying. And then let's compare it to what's going on with Canada and the ECB. This is going to be really cool.

Well, he's supposed to be on at 2 ECB. This is going to be really cool.

Well, he's supposed to be on at 2.30.

I know that it is, I can see that guy's head moving, so that's good.

And just, FYI, I don't know if I went over it, but the decision was to keep rates the same.

So that just came out. So now we're going to hear Jerome Powell answer questions. I think the kind of what the final decision was is they kept rates the same,

but they had a very hawkish tone. I think the bond market yields are up.

Like colleagues and I. Here we go.

Squarely focused.

Dual mandate goals of maximum employment and stable prices for the benefit.

The economy is strong, pardon me, is strong and has made significant progress toward our goals over the past.

Labor market conditions have cooled from their formerly overheated state and remain solid.

Inflation has moved much closer to our 2% longer run goal. The conditions have cooled from their formerly overheated state and remained solid.

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