out as seth moulton heads for the exits. we ll look at how early surprise pete buttigieg hopes to shake off the summer slump. this is the middle phase of the campaign. we re not at that end part, the finish line where you ve got all the adrenaline of coming up on the finish. we re not in the beginning either. this is the stage where i think the campaign is really to be won because now we have people on the ground forming the interpersonal relationships that are the real stuff of good politics, especially in a place like iowa. back to that a bit later, but we begin the hour with major economic turmoil and an angry president stirring it more by lashing out. two big developments today have the president on edge. his first target, the federal reserve chairman, jerome powell. powell today refusing to do the president s bidding and announce plans for more interest rate cuts. instead, in a closely watched speech this morning chairman powell said the fed was tracking