all due respect to alan meltzer would not stomach this 6.5% growth, no change in policy 3% growth. 3% growth. no change in policy. and a 2% inflation rate. no change in policy. this is the first time the markets are seeing this change in policy from the federal reserve in numbers and i think that's why the market is cheering it. courtney, fed chairman powell has to do everything he can not to change the way the market reacted to this. they seem to be accepting it and it seems to be going okay for him at this very moment. >> steve, thank you very much. our thanks to our guests meantime, as stocks move higher cheered by the fed report let's get to bob pisani for the market reaction robert >> this is a thread the needle story for them: they upped the growth forecast. they say no rate hikes through 2023 even if inflation overshoots a little bit. bond yields stable making that announcement and move up 20 points on the s&p in positive territory? they have threaded the needle. just take a look at the sectors. throughout the day because yields were high we are the usual situation, the reflati