illegitimate, it's their mandate. the federal reserve has a statutory mandate to do two things. constrain inflation and promote kploimt. when the head of the federal reserve and others try to promote employment through the various monetary policies, there are limits to how they can do it. when they try to do it, perry says it's treason, it's in their statutory mandate. they are under something you will remember, gus hawkins, hubert humphrey, the humphrey-hawkins bill says the federal reserve is under mandate of congress to be concerned about increasing employment and constraining inflation. so when perry talks about the federal reserve, he makes himself sound bright on the subject of science. >> well, increasing employment and controlling inflation, you don't understand, in order to do that you need corporate loopholes and corporate jets. they need to fly around so they can take care of all those jobs we've been waiting for. chairman, thank you for joining