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Jerome powell who has a very extensive background in the backing world. i think what we are seeing is a bull market correction. nobody really knows if this is the bottom or what it will do. earnings reports will be coming out and we'll see if it bounces back even better. >> it is not like he is speaking off on the cuff. he is straight up you wrong. >> the markets already priced in for rate hikes. so this is business as usual in my opinion. but i think with the president, getting involved and evening on the fed which is an independent deal, why would you do that anyway. the economy is doing gre...

There's no reason for us to have emergency level interest rates if gdp is 4%, if you annualize this most recent quarter. if you're going to be somewhere even north of 3%, why would money be free. why would we want artificial stimulus. so that's been a process playing out for two years now. the fed has been gradually raising rates. it's entirely in keeping with what the fed's been saying and doing for ten years. which is using the data to justify why it should do something in any given meeting. >> so we know, and i'm saying this with as much respect as i possibly can, the president isn't a mark...