Joining us now, former National Economic Council Director and IBM Vice Chair Gary Con to break this all apart and then try and put it back together again. We just got this breaking news. JP Morgan has just lowered its prime lending rate to 7.25%. That's usually what happens when there is a Fed rate cut, but rates are coming down. That's what President Trump has wanted. >> Well, the front end of the curve is coming down. >> You just pointed out that the Fed funds rate is the overnight rate for banks. And in ...