00:00 Speaker A
when you talk to clients is the base case a hold, they’re staying pat.
00:02 Speaker B
A base case is a hold. However, the only thing, um, with Jeff and the target is that I really think that, you know, the Fed’s going to go another five years above target. I think we’re in a regime here where the tolerance. All right, we’re going for another five years. We’re going for another five years. The tolerance for above target inflation is there. That’s great for risk assets. You know, unfortunately, going all the way back to 2%, really offers some economic headwinds that Wall Street and the economy just cannot withstand.
00:32 Speaker A
What about uh Jeff, some of Warsh’s other ambitions and goals? For example, here’s one. We should be adjusting communication. He’s big on that. You agree that maybe maybe we need to adjust? Is the Fed, is the…
