. >>> meantime neel kashkari saying he wants to see many more months of positive data before they cut rates. i want to bring in a former fed governor. led the reforms in the wake of the financial crisis. now harvard law school professor. good morning to you. a new piece out for brookings hutchins center saying reconsidering the regulatory uses of stress testing should be something to be considered. dan, it's nice to see you. what do you think the chances for a rate hike, now that that seems to be on at least mr. kashkari's table? >> well, andrew, i actually looked a little bit more closely at governor waller's speech last week. i thought what he did in that speech, very good speech, was two things. one, i think he pushed back some on the idea there's a significant chance of a rate increase and the second thing he did was to i think reflect the sort of the broad view within the fed that they are going to need to see some more progress on inflation absent something pretty bad happening in the labor market and i would draw your attention to that second part of it. governor waller said, y