It was a busy week in politics as President-elect Donald Trump's transition team announced many of the names he hopes will fill critical roles on his team.

Trump also said he'd launch the Department of Government Efficiency, or DOGE. The commission, led by Tesla CEO Elon Musk and former GOP presidential candidate Vivek Ramaswamy, intends to cut government waste and make it work more effectively.

However, there is also big economic news, as the Consumer Price Index (CPI) report showed that inflation continues to tick up, prompting Federal Reserve Chair Jerome Powell to say they will be "cautious" with future rate cuts.

Kenny Polcari, Chief Market Strategist at Slatestone Wealth, joins FOX Business' Taylor Riggs to discuss what the Trump transition is signaling to Wall Street and whether the Fed's news is giving them reason for concern.

Photo Credit: AP

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Business Rundown: What The Trump Transition Is Signaling To The Business World