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This is CBS Eye on the World with John Bachelor.

Here's John Bachelor.

The American economy in late summer.

I welcome Elizabeth Peek, columnist at the Hill,

comments at Fox News, much on Fox Business, to comment on what we have in the month

that the Federal Reserve open market does not gather in Washington and speak as if from on high.

But instead gathers in Wyoming to listen to speeches by leading central bankers,

notably Jerome Powell, the chairman of the Federal Reserve.

The quote that gained the most attention in big bold letters.

We are attentive to science that the economy may not be cooling as expected, said Mr. Powell.

There's a very good even to you.

This of course is looking into the future with a witchcraft may not be cooling as expected.

There are many interpretations of that remark.

One interpretation by parents is vague on purpose.

What does it mean? Good evening to you, Liz.

Good evening, John.

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