>> no, it's not. one of the interesting things has been the participation rate has come up almost entirely because women have come back in the labor force. it's mostly hispanic women. it was also prime-age women who were more educated, but i think it's really interesting that that's good they're coming back. the wage growth, this is something that chairman powell underscored in his conference was the wage growth is at the low end of the wage scale, that's great. but there's nothing in the middle and nothing to graduate up to. we haven't seen that trickle up. the fact that we already seen the high of 3.4% this year even though the labor market is tight, we're not seeing wages accelerate more. this is a small shadow of the kind of wage gains we saw back in the 1990s. >> the trump administration floating the idea that they want to see mortgage giants go