Ahead of the chair Powell's speech at 10 AM, former Fed Gov. Ferguson and former Fed Pres. Harker are speaking on CNBC:Former Fed Gov. FergusonWe are in a period of "stagflation light". Think the Fed chair will try to create as much flexibility.Administration is often pressuring the Fed chair privately. The public pressure is highly unlikely.Former Fed Pres. Harker:The data is fuzzy. It is not crystal clear. Although there are some businesses that are planning ahead like data, but most businesses are sitting and waiting. There is a lot of diversity of opinionWe are all looking at the data, it is how you interpret it. This article was written by Greg Michalowski at investinglive.com.