i think if the fed would be willing to use its research capacity to help allucidate to many policymakers that not only does it have an impact on unemployment but it's a pervasive problem that normally goes beyond what had been seen as an anom liealy or episode based on management failure or unforeseen circumstance. i think it really fits within the role of the fed to look at. >> i know a number of years ago the reserve banks collaborated. they chose a number of communities around the country, cities that were hard pressed and tried to work on understanding what strategies worked to revitalize these different kinds of communities. and it could be collaborative work the reserve banks take together. >> thanks. i appreciate it. >> the chair now recognizes the gentleman from kentucky. >> welcome back to the committee. i wanted to talk about the low rate policy that the federal reserve has pursued now for -- effectively almost a zero short-term interest rate policy that the federal reserve has pursued now for six years. one of the original targets the fed set to begin raising rates was when un