confrontation between fed chair jay powell and president trump who is pressuring the fed to cut rates. joining the conversation, the new york times senior correspondent neil erwin who is the author of a new book how to win in a winner take all world. back with me michael steel and donny deutsch. neil, to you first you think jay powell should have cut rates because we are heading for rocky times in our economy. we should remind our audience it was october when jay powell said the economy is great as far as the eye can see. the president continues to say, greatest economy ever just look at the jobs numbers. why cut rates? if you look at the backward looking numbers yeah the economy looks pretty good. if you look forward, what is happening to inflation expectations, industrial indexes surveys that come out every month these are the real time barometers and those are sending signals the fed raised rates too much last year. if you make a mistake you have to fix it. that is kind of the