Komal Sri-Kumar (President) 00:00.110
do not think the fed committee the federal open market committee is going to be able to restrain the chairman the chair is going to be able to dominate it and it is going to be dominated by rate cutters so if you are looking at the majority on the committee i think you are going
Komal Sri-Kumar (President) 00:19.490
to have more rate cuts and that is the reason why if you're thinking about the number of voters all you need is a majority to do it but you're going to have confusion now we have a three way split in terms of how the fed should behave you could continue to have that and that's
Komal Sri-Kumar (President) 00:38.030
going to confuse markets during the months to come and at the same time the final result is going to be lower interest rates a steepening of the two to ten treasury yield curve because the ten year you talked about rates at different maturities steve the ten year does not
Komal Sri-Kumar (President) 00:55.470
respond to what the fed wants it to do it's the market determined