To discuss all of this and much more, let's bring in CNBC contributor David Zervos. David is a chief market strategist at Jeffre. He is on the list of 11 potential candidates to be Fed chair to see Jerome Powell.He is the most dressed up guest we've ever had here at NASA. It is great to see you, David. >> It's great to be here.>> Usually you're in a hoodie. >> It's like a full transformation. Um but I want to talk to you about first of all chair Powell and what he said yesterday in terms of the stock market ...

Joining us now for a look at the US economy and the Fed, Larry Lindseay, president, CEO of the Lindsey Group, former National Economic Council director. He's been mentioned as a possible uh Fed chair nominee. Uh it's been a while. Uh Larry, it's good to see you. >> Good to be here.>> You worry, and we'll just talk near-term about uh about the Fed. You worry that perhaps like uh 2024 that if you cut on the short end that might not be translated into lower rates on the long end might actually be uh actually c ...