. >>> lisa erickson is the head of a markets group in wealth management, and why don't you weigh in onebate given the economic backdrop? >> i think everybody's focused on the question of when will the fed move, and they are closer to it than a couple years ago. certainly powell has convinced a lot of desire to have the certainty around the path of disinflation before moving, and timing remains to be seen. the fed is data dependent and we will continue to watch. in light of that, the position is to stay neutral and the economy is in a relatively good place with the up sizing surprises that have taken place, and the job is not done with disinflation. we think staying in the middle of the ground place makes a lot of sense. >> i will say the one thing that did give me a little pause in watching that interview was when he basically said we don't have to get inflation to 2% in order for us to cut rates. scott pelly made that assertion, oh, we need to get inflation back to 2%? powell said, no, no, no, that's not what we said. if anything maybe that gives you the idea that rate cuts are more l