jason furman, obama chairman of the council of economic advisers. the man who didn t write the headline, right, jason? i didn t write the headline. it s true. you re not sounding the inflation alarm maybe as much as larry summers. loudly enough to get the white house s attention on a few fronts. if we can start with inflation and you re saying it s coming faster than people have expected. and you say we ll likely get more of it, so be prepared. is the white house prepared? what if they re wrong that it s not temporary? i don t know whether or not they re prepared. i ll tell you what i think. we ve had inflation at a 6% annual rate so far this year. that rate is likely to moderate, but we could easily end up with inflation about 3% this year. i don t think 4% this year is out of the question. if that s the case, we ll probably have a decent amount carrying forward into next year as well. but that s a problem, and not