which matters to tony crescenzi? tony: january 30.l be eight conferences instead of four, so jerome powell, the fed chair, will have to tell us what he thinks of the financial tightening conditions. they have to have a narrative that supported what they had just gone. tom: explain the narratives of january 29, before the meeting. tony: we know that clarida, a former colleague, talk about walking into a room that was dark and he found it difficult the room and see, in other words, a drop in the stock market, etc., tells the fed something about where whether themeaning fed is pressing on the gas or the brakes. clearly neutral is somewhere very close to the current policy. so the light has come on. tom: ok, anthony crescenzi with us of pimco. you mentioned vice chairman clarida formerly of pimco strategy. we will discuss with michael mckee. conversation with a different fred president, for that matter, a different regional office, the dallas fed president in the 7:00 hour. look for that thursday. stay with us, with markets improving a li