jonathan: joining me today from blackrock's rick rieder, alongside him jeffrey rosenberg, and pablo goldberg. gents thank you for having me in , your house. >> thank you for having us. jonathan: let's begin with the federal reserve. hawkish bias from the chairman. rick: i think it definitely was hawkish tilt do it. quite frkli think it was the , best press conference from chair yellen. she was directed, committed, unwavering and quite frankly there were , questions that were distracting. she laid out the plan. this is our plan and we're sticking to it. quite frankly, some of the short-term data, she rightfully ignored. she thought about the bigger picture. she is focused much more today on financial conditions. and those have gotten easier. she was committed to this is where we are going. jonathan: last year we talked about a fed that did not stick to their forecasts, they had a credibility problem.