the federal reserve to act from a lot of people interpret chairman powell statements as more hawkish but when i heard him say is it me the increasing the speed of the bond buying but i didn t hear him say we are going to raise interest rates any sooner from a few? i didn t hear him say that and frankly, i could see where he is now waiting to be confirmed, maybe he s going to hold back a little bit but alan greenspan girlfriend, he used to say running monetary policies, you re supposed to go way ahead of the curve because it takes so long to turn the boat and these guys are behind the curve and they will accelerate and hit the economy hard. paul: the alternative would be the bond market saint there s going to be inflation from my are tenures so low, 30 here so low? typically moving up if you are signaling inflation, what is your response to that?