. >>> let's turn in and out to barry bannister for more on this record-setting markets, and what he expectschief equity strategist and stifel nicolaus. good to have you with us, barry. >> thank you. >> i think no one would say -- you -- continue to power higher over the next six months? >> what we're seeing now is early sign of mower synchronous growth, mild inflation precussers, things that would lead to mild inflation, which has been lacking. we're seeing some rumblings of tax changes that would be fiscally stimulative, though late in the game it's occurring. that means you can afford some deliberate, but still slow monetary tightening by the federal reserve. of course the europeans are moving closer to the exits, but ever so slowly. >> what about the fed here at home. when are you expecting a hike? >> oh, i think they'll do a hike in december. i was in cleveland on tuesday for janet yellen's speech at the national business economists, and she gave that line about it wouldn't be prudent to wait for 2% inflation to move on rates. i would agree. there's a need to just deliberately but slowl

we are joined by barry bannister, stifel nicholas, in baltimore. barry -- barry bannister: i think trump views powell as steady as she goes. a continuation or does not want to rock the boat. it reminds me of late in 2009, a delicate point in obama's tenure when he reappointed bernanke. when your not getting much done initially, it helps to have someone in the that does not rock the boat. vonnie: we heard from a previous guest that powell would be janet yellen 2.0. is it for sure that powell would continue the current trajectory of monetary policy that we are on? for sure. it is not they are different political parties, but in terms of overall gradual monetary policy, they are similar. one thing that bothers me, and we wrote about it today -- if dr. yellen leaves the board the board of governors would be half understaffed. there months of experience cumulatively of all the governors would drop to 120 months. the three-decade averages 320 months. ands an understaffed board the last time it was this understaffed was before the financial crisis in 2007.