>> when fed chair j. powell came to the job in february 2018, he expressed respect for economists in economics but skepticism. his biggest beef, how key economic theories didn't work so well in practice, ideas like the neutral interest rate or ourstar kept changing. unlike is unlike celestial stars, he said, these stars move unpredictably and cannot be observed targeting announced yesterday by the fed came after 15 fed listening events and it reflects 17 members of the federal market committee. but it's also the result of the evolution of powell. the fed implemented inflation targeting in 2012 under then chairman ben bernanke, leading policy expert. but powell began to see an inherent flaw. the fed will always see inflation and never hit the target the fed was always chasing its tail powell and the fed are hoping to try to convince the public that inflation can rise to the target and above it in order to average 2% over time the other big change announced yesterday also reflects powell's observation of how econo

do you expect anything out of fed chair j. powell tomorrow that may move the bond market, scott?ect some changes in the way they think of inflation, but the problem right now, the reason we're bumping up against 71 basis points which is the highest level in two months, not very high but the highest level in two months, is all about issuance, the u.s. treasury issuing nearly $2 billion in notes this week we also have some in germany and australia and australia would probably be really attractive to international investors. we also have powell tomorrow the way to take advantage of this, higher yields mean lower prices for treasuries, so i want to be a seller of the september 10-year treasury futures contract 139.08, just above where it is now. my target is going to be 500 even we always trade at 99 so we would be making a good trade at those prices >> that's really appreciated, buddy. thank you very much. >>> final trades are straight ahead on "halftime." this selenite grey is so pretty isn't it? wow. jim could you pop the hood for us? there she is. -turbocharged, right? yes it is.