jeanna us now is smialek.a betting woman, what are your eyes on a december rate increase? jeanna: it is an open question. it depends on what markets will do in the coming days. sustained sees a period of volatility, it will give them cause because they will not want to tighten at a time when financial conditions are already tightening because of market volatility. at the same time, they are seeing inflation buildup, so they will want to raise rates to do rather than later. i don't think the fact that donald trump one will diminish that in any way. mike: i know there has been a lot of talk about new regulations to rein in the fed, to make them use a rules set of interest rates, or to be audited. how concerned are fed officials about that now? we know historically, over the last couple of years, as the proposals have cropped up in congress time and again, fed officials have been very word about them. i remember a speech john morgan gave a couple of years ago that laid out the reason for that was a terrible idea.