she's basically saying, look, you are choosing to get rid of 2 million jobs. he's saying i have to or millions more will be impacted. is this really this binary choice here? >> what a great framing, erica. thank you for that. look, there's some truth on both sides. so jay powell feels that we still need to get inflation under control. he wants to hike rates, but the problem is when you do that, companies tend to pull back. they start spending and yeah, there will probably be job losses. i would say we're in one of the strongest job markets that i've ever seen in my life and i've been doing this for 32 years and that's some context. i also have a lot of empathy for where elizabeth warren is because the true fact of it is where rates go up people do pay the price more than others and when it goes up on a house, on a car loan and a student loan, you