Stimulus bills and the problems in supply chain. you asked two questions, i m just going to go to yes to both of them. the fact of the matter is, i think the fed was denying we had an i nation problem, calling it transitory for way too long. in terms of printing money, they printed trillions of dollars to get us through the covid crisis and late in acknowledging that we have to stop the money-printing process and the other side of the equation and falls under monetary policy, what the fed does, on the fiscal policy side we were continuing to stimulate the demand side of the economy, most recently nearly 2 trillion-dollar, you know, covid rescue bill wasn t necessary. it just continue today pump money into the economy and very simply too much chasing too little stuff is what gives rise to inflation. that s really not the fed s job, it s going to take congress to