joining us double line capital's deputy chief investment officer jeffrey sherman back with us welcome back >> thanks for having me today. >> what do you think goes through their mind when they hear that? they've been criticized for ten years for keeping rates too low. now they're being criticized by the president of the united states for raising rates too aggressively >> right the history of the fed is it's a thankless position, right? it's not well compensated and you're under the direct targeting of all the market participants so it is a thankless job if you listen to what the chairman is saying, he is telling you that he is going to continue the path of hiking rates. and when mr. powell came into office this year, he was lauded for being someone who thinking of market behavior but we shouldn't take that only in declines in the equity market remember the equity market is still up year to date. inflation is hitting their targets by almost every measure out there. and so there is no reason to think this volatility over one week is going to engage the path >> we all know the fed's been