This is CBS Eye on the World.

Here's John Batchelor.

I welcome my colleague Elizabeth Peek.

Right to come for the Hill, column for Fox News.

We go immediately to the Federal Reserve.

Much in the news in these last hours.

Puzzling.

All of a sudden, everybody's got an opinion.

For example, featured by the F.T. this morning is Fed official Michelle Bowman calls for rate cut as soon as July.

Vice Chair for Financial Supervision says the subhead, Donald Trump's tariffs will have a smaller effect on inflation than feared.

They also mention another governor, Waller, calling for a rate cut as early as now.

However, Jay Powell, the chairman of the Federal Reserve,

a man who controls the argument after the meeting, this headline.

Powell to push back on calls for Fed rate cuts as soon as July, subhead.

U.S. Central Bank chair to tell Congressional Committee, economy remains solid, but tariffs could push up prices.

There you have it, Liz. The Federal Reserve governors are ardued. economy remains solid, but tariffs could push up prices.

There you have it, Liz.

The Federal Reserve governors are arguing in the public eye in London,

Yin and Yang.

How do we sort this out?

Do we wait on them?

Are they consulting entrails?

...