will keep short-term rate, the fed fund rate, low, well past the point, the unemployment rate hits 6.5% but quote, participants agreed that with the unemployment rate approaching 6.5%, it would soon be appropriate for the committee to change its forward guidance. the unemployment rate fell to 6.6% in january as you recall. the minutes say, also, quote, a few participants raised the possibility that it might be appropriate to increase the federal fund rate relatively soon. sounds like the hawks at work there. the minutes show fed members watching the weather, emerging markets, and the debt problems in puerto rico but not overly worried about them at the end of january. ad cam, back to you. adam: peter, you bring up puerto rico. we ll get the bond offering from them in march. go back to the federal fund rate. usual suspects look at we may start raising that and is this something we should pay attention to, because just a couple weeks ago we had them saying no, we are not talkin