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During the weste Governors Association annual meeting in jackson hole. Good morning and welcome t day two of the western Governors Association winter meeting. Its greato see all of you after a fun night at a great bar. Who had fun last night . Good. Im very pleased to introduce secretary of agriculture tom vilsack. I think all of us are partial to sec. Vilsack because he has held the best job in the world, he has been a governor. Some of us are more partial to sec. Vilsack because he has been a farmer. It says something about his willingness to engage with the western Governors Association so ...

During these proceedings. At this time, i will take roll commission. President diamond here. Commission. Vice president moore here, commissioner braun here, commissioner imperiale here. Commissioner. So here. And commissioner williams here. We expect commissioner koppell to be absent today. Commissioners, first on your agenda is consideration of items proposed for continuance. Item one, case number 2022 hyphen 000438 drp at 323 322 frederick street. Discretionary review is proposed for continuance to june 6th, 2024. Item two, case number 2023 hyphen 007010q8 1310 Junipero Serra boulevard. Cond...

Coming up, inflation shows signs of cooling. The latest data being promising. Jay powell on hold saying the fed is awaiting more evidence before cutting. Investors move on keeping bets for at least one rate cut this year. Can the fed achieve nirvana . U. S. Economy is chugging along pretty well. We have had good health for quite a while. There are thousand things that can go wrong but right now everything is in pretty good shape. It is necessary to make sure we in a fiscally sustainable path. The higher Interest Rate path makes that more difficult. Where it will be in six months, how much of t...

Interest rate is still 3. 6 . Nymex crude is coming back up it is so lower than it was in from tension in the middle east to 88. 33. 2020. There is some dispersion. Some people are struggling and when you get higher yields and a stronger dollar and more there is a big increase in consumer debt. Expensive crude oil, that is difficult for equities. Consumer debt and Credit Card Debt is actually only 1 12th the as a result, we see the selloff. In the middle east, there stock of mortgages. Remains very high tension. The household sector was performing well and there was an the World Leaders we hav...

And Lisa Abramowicz. Jonathan this is bloomberg surveillance, on tv and radio, alongside tom keene and Lisa Abramowiczs Annmarie Hordern. The s p 500 is negative by 0. 3 . Under surveillance this morning. Boston fed president Susan Collins saying the rise of longterm yields surprising tightening financial conditions and persists which reduces the need for further Monetary Policy tightening in the near term. That is where our focus begins. Lisa a what we saw yesterday in the market did not have to do with fed speak with an auction that did not work well. There is a question of whether the fed h...