NATE BURLESON:
00:00:39
Sure. Makes it cheaper to borrow money. It could bring down those mortgage rates. But Kevin Warsh, even if he does want interest rates, right, we don't-- lowered-- we don't know if he actually does-- he's one person. It's a voting class of 12 people. You need a majority. So Americans are feeling the pinch. We know this. Can consumers expect some type of relief when it comes to these interest rates all year? Likely not anytime soon. Even if this memorandum of understanding with the war in Iran means that the Strait of Hormuz opens right away, it's going to take a while for energy prices to come back down. So I think the bigger so what out of today-- this is the beginning of the Warsh era at the Fed. What is his tone at the press conference? What is the language that the committee uses when it talks about the future of interest rates? Is the board divided? You could actually have people arguing for a rate hike by the end of the year, even with where inflation is--
NATE BURLESON:
00:01:28
Right. --if it keeps going this way. So I think that the moral of the story here is the Fed is going to be extremely cautious until they get more clarity with the war with Iran. Kelly, thank you.
