Watch Jay Powell This Sunday on 60 Minutes!

Let’s hope he is more coherent than he was at the podium last Wednesday.

Highlights

• Déjà vu: Troubles brewing in the CRE space similar to early 1990s

• Chinese overcapacity to trump Houthi rebels in the inflation battle

• Despite the beat, the ISM prints its 15th straight month of contraction

• What exactly did Powell say?