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Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Wisenpull.

And I'm Tracy Allaway.

So Tracy, we are recording this on Thursday, August 21st. We are here at Jackson Hall. I need to note at the beginning, we were recording this before the big Powell speech. I don't really think it matters too much because that's not. But I just want to like get that out of the way. A little time in context for an econ conversation. We're not going to talk about that speech for obvious reasons. We don't know what's going to be said. But what we can talk about is the economy right now. That's not going to change between, you know, right now and tomorrow morning, hopefully. You never know. Whenever this comes out, probably it's not going to change much. But, you know, we've been very lucky lately. We've been talking to a lot of regional Fed presidents, and it's really cool that we have access to them. Yes, and it's good to get a range of opinions as well, because as we've been discussing, the economy does look very uncertain right now.

And you could make a case for everything from a rate cut to holding to possibly even maybe hiking, which, you know, Jeff Schmidt kind of alluded to when we interviewed him.

Yeah, no, it was pretty extraordinary that, like, look, you could make a point that stock markets

near record highs, credit spreads in your record lows, employment low, and inflation is still warm.

Why are we talking about rate cuts?

Anyway, we got to keep getting more

takes and perspectives on this from the people who actually think about this the best.

Do we get a prize if we interview every Fed President?

Well, we should try. There should be a name for that, but we have a guest, perfect guest,

...