ceos have the intelligence of a door jon. thanks so much. the dow is relatively flat, just about 70 points right now in the wake of big investments jobless claims rose slightly to 206,000. still down significantly from where the year started, and it s still remaining close to a 52-year low. this is a the federal reserve just announced it is preparing to take action on inflation meaning interest rates are going up. let s bring in justin wolfers, a professor of economics and public policy at the university of michigan. good to see you again, justin. it was just a few months ago that you ll recall that the fed said that inflation was transitory. no more. what do the moves say to you? i think it s remarkable the grave continuity that the fed is