we will all have to deal with bumpinessg this -- that comes with it. >> janet yellen said yesterday there is a possibility the federal reserve will raise rates. what is your personal guess about when they will raise rates? what assumption are you going on? are the fedtations will do what is necessary to achieve their dual mandate. >> that is very brave. >> it is brave. is also well grounded. >> you must have some basics and aria about when you expect the fed to raise rates progress our expectation is we look at it that they will pursue a path of interest rate adjustments that are consistent with keeping price stability and the economy growing relative to employment. the u.s. economy is performing well in a new normal sense. this is on the u.s. economy precrisis years. that economy was ultimately unsustainable. is performing reasonably well. we see them growing in the high twos over our forecast horizon. that is one of the reasons we see our economy continuing to progress. i am quite confident they will make the right decision at the right time. i made a point in the press conference today