deflation in the great depression, and we came close in 2008. but we avoided it. but both of those events were caused by financial system instability not interest rates and inflation. so i do think now is the time to be hyperfocused on financial stability and preparing the financial system for the next downturn. it s going to happen in the next couple of years. there s no doubt in my mind about that. and we should be increasing bank capital buffers, leverage loans. regulators had tightened on that lending, a high risk type of corporate lending, and there was some loosening. and i think those are the kind of steps the feds should be more fec sed on right now because we will be having a recession in the next couple of years. and it ll be fine. we ll come back out of it as we usually have if our financial feathers dent get ruffled. we have to make sure we have the stability in place to handle them. sheila, thank you for joining us. former chair of the fdic.