and chairman howl opening the -- chairmanhowl powell opening the door for four rate hikes this year,nd the week looking resilient. we have chairman powell opening the door to four rate hikes. >> headwinds that become tailwinds is a reflection the current economy has gained steam and if they go four times we think it is going to be for the right reasons because growth is good and inflation is not out of control. >> it is a favorite inflation metric and to say the fed is behind the curve, they are doing the right thing. three times, probably four times this year. 1.5% core pce, the fed target is two and it is not that scary. >> the fed has imprinted on their brain a phillips curve -- maybe it is slow to rise but it is not a bad type of inflation where it is suggestive of an overheating or over levered market were prices are out of control. this is because of better growth. >> if we rolled the camera to two years from now, will have a lot more stimulation, particularly in the united states because of the tax bill and also because liquidities -- we are going to be in a park were central