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Big ticket issue. he has a new fed chief he is like throeu tphofly to nominate. the stock market is performing well. he has a major tax reform piece of legislation that is facing troubles but should occupy his attention. to say nothing of his trip, which is so important. it is such a catastrophic conflict with north korea. so there is a lot to be focused on. he should and can i think do a lot of good on these other areas if he can compartmentalize just a little bit. >> but look, errol, the president's strength to this point has been the first line, harnessing the anger, giving the emotional re...

Understand that this particular individual is able to provide continuity, it's a question of how would someone like powell react to a crisis. that's the only unknown with any new fed chief because you simply don't have the track record. although his track record certainly suggests he will be very much within the pragmatic and predictable rather than the ideological. >> stand by. i thought we have him now, steven more, he's joining us as now, former economic. okay, we don't have him. dylan, you are my guy for now. >> i'm here for you. >> i appreciate it. you want to take a break? okay. we'll ta...

Sort of how janet yellen was with regard to keeping interest rates low and that kind of thing? that's what preen are wondering. >> sure. i mean especially when you look at his choices, brooke. the other two options that were being considered were much more ideological, much more of a division or change of direction from what has been the historical fed policy. if you look at mr. powell, he never filed a dissenting vote since being on the board of governors. banker by background from new york. understand one of the greatest assets president trump has is the buoyancy in the financial markets for...

By thanksgiving. sarah sanders saying they want to see it passed by thanksgiving. we'll see where it grows. brewing controversy on the state and local tax deductions. the senate gop says they're together on it. grover norquist. thanks for joining us. >> bill: jon scott, what's up? good morning. >> the white house on defense after special counsel robert mueller indicted two trump campaign aides and got a guilty plea from another. republicans trying to shift the focus to tax reform. a new fed chief and the president's upcoming trip to asia. we have team fox coverage and analysis ahead. google, f...

Astonishing 25%, and the tphnas, and 27%. we talk about this every single day. the president will be pumping tax reform and tax cuts later today when he is in pennsylvania. there's some starting to say the market maybe priced in a very good economy, and a record-high corporate profits and things are going well, and a 16-year low in the unemployment rate, and could tax cuts if they are not paid for actually melt up the stock market, cause a problem for the stock market? also the next fed chief will have to decide what to do if the economy really starts humming along, and could raise rates, and ...