of sense. i don't know that it's a game changer but i think it will limit increases in prices. i'm not sure it's going to lower prices to a significant degree. at the very least, limit increases given this is a real hardship on a lot of americans. >> it really is. with oil the way it is and looming interest rate hikes, maybe aggressive rate hikes the next few meetings, what's the recession risk? the fed has a real careful line to walk here to tap down often inflation but not slow the economy too strongly. >> it's a tough needle to thread. the risks are one in three which is uncomfortably high. the fed will pull this off. it has the tools to do it. the economy is fundamentally strong. a lot of risk. of course, there's a lot of cross winds here too. the pandemic is a problem in many parts of the world. coming back here and with what's going on in russia, that can go