When you get your news from Bloomberg, you don't just get the story. You get the story behind the story.

How your Evie's battery may not be as green as it seems.

Why a decrease in global birth rates could send countries scrambling to increase immigration.

You get context.

And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg

dot com to get context. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

Daily, we bring you insight from the best of economics.

Finance, investment, and international relations.

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course,

on the Bloomberg.

Plaid should have Abby Joseph Cohen with us as our first guest this morning,

longtime president of the Global Markets Institute at Goldman Sachs.

She's now an advisory director, their senior investment portfolio strategist at Goldman Sachs.

Abby, let me start by asking you sort of what it will mean in your estimation to have somebody

with not an academic background, not a PhD in economics, but a markets background,

somebody who spent a decade plus at the Carlle group doing private equity in the chair at the Fed if that's who we get named this afternoon.

Good morning.

Clearly everyone is now expecting that Jerome Powell will be named and as you point out he is not an economist

and so I think much of the answer to your question depends upon the rest of the makeup of the board. This is an FOMC which has

empty places at the table and I think that the president will likely take

advantage of this opportunity to fill not just

the chairmanship but also some of these other spots. I would say however the

...