the risks posed. quite rightly, the risks posed. quite rightly, the risks posed the risks posed. quite rightly, the risks posed by the risks posed. quite rightly, the risks posed by the - the risks posed. quite rightly, the risks posed by the federal reserve over reacting to inflation is definitely a very real one. above all it is a risk that applies to all central banks around the world, simply because there is not a lot they can do about energy prices and energy prices are key to all of this inflation risk that we have in the world. it is going to be more a case of fiscal policy and it will also be a risk of, you know, the us is better protected on the us is better protected on the energy side because, as we have seen, it is now actually benefiting from the natural gas shortage in europe. so it is better on that front but i think really where its greatest dependency is is on the movement of people and on labour skills. movement of people and on labourskills. it movement of people