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Who you put your trust in matters.

Investors have put their trust in independent registered investment advisors to the tune of $4 trillion.

Why? Learn more at find your independent advisor.com. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gurra.

Daily, we bring you insight from the best in economics, finance, investment, and

international relations, find Bloomberg surveillance on iTunes, SoundCloud Bloomberg

com, and of course on the Bloomberg.

I've got to say it's my fourth day here on Bloomberg surveillance

and we've had two Nobel laureates in that period of time.

It speaks wonderfully, I think, to the quality of the show.

I want to bring in Edmon Phelps, she's the McVicker Professor of Political Economy at Columbia,

also the head of the center on capitalism and

society. They're awarded the Nobel in 2006 for his analysis of inter-temporal

trade-offs in macroeconomic policy. Let me kick things off just to with a bit of

news we got these Fed minutes

yesterday. Some intelligence, some insight here into what the committee is thinking

about inflation. When you look at the inflation target today that the Fed is wrestling with what do you see there are

...