It's Thursday, April 4th, 2024. No rate cuts and even less refueling, more pro-lifers convicted of being

Christians, and what's your North Star next on the AM update?

I want to remind you again, Friday, tomorrow is another edition of ask or tell me anything.

You can ask me any question you'd like or tell me any news story you think needs to be covered

on the AM update. You can go to my ex profile at Real AM update. You can look for the pinned

tweet where you can make your submissions. I think there are still a few stragglers from

the past couple of weeks. I'll try to get to those tomorrow before we get to the your submissions. I think there are still a few stragglers from the past couple of weeks.

I'll try to get to those tomorrow before we get to the new submissions. Anyway, on with the Thursday

edition. Federal Reserve Chair Jerome Powell yesterday stressed the need for more evidence that

inflation is subsiding before policymakers move to cut interest rates. Powell lauded recent declines,

supposedly, in inflation, but said the Fed's job is not done

yet, and that policymakers will carefully assess the economic picture before moving to reduce

rates.

Powell said, speaking at Stanford University, recent readings on both job gains and inflation

have come in higher than expected.

The economy added in an average of

265,000 jobs per month in the three years through February, a faster pace than we have seen

since last June. Yeah, all of this is basically the rosiest of spins.

January and February, we're above the low readings in the second half of last year. But these recent data

do not, however, materially change the overall picture, which continues to be one of solid growth,

a strong but rebalancing labor market, and inflation moving down toward 2% on a sometimes bumpy path.

A bumpy path, that's what we're calling it now.

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