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Well, howdy there, internet people? It's Bell again.

So today, we're going to talk about Trump's Fed Pick, not dropping rates, and you.

The first meeting of the Federal Open Market Committee under Trump's pick has occurred,

and the questions have been coming in ever since.

Did Warsh play Trump? Why did interest rates go down?

Why did they end forward guidance? What does this mean for

normal people? Good times. Let's be clear to start. The data the Fed is working with does not in any

way support interest rate cuts. Trump's feelings might, but that data doesn't.

It's closer to supporting hikes than cuts.

I just think it's important to get that out of the way before we get to the politics.

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