and good jobnd 2% creation then we should be patiently raising interest rates as the economy in the globalarrant. >> the argument has been as unemployment goes down inflation should go up. it has come way down. inflation has not gone up. are you a believer? >> it's an interesting question. there is the wage the lips curve. thehe labor market tightens wages should go up. we are seeing clear but not strong evidence that wages are moving upward. the transmission between wages and prices has weakened. the transmission between slack in the labor market has weekend. is flat.ips curve it is much weaker than it has been historically. >> what gives you confidence you will get to the target? >> core pce inflation is 1.6%. maybe 30 basis points you can attribute to the strong daughter -- strong dollar. those, thathrough gets you fairly close to the 2%. it doesn't leave a big gap between where you would do -- be for those. then they on that path dollar has been going down this year a little bit. 2% inflation would be very close. >> >> s'more breaking news, it appears herbalife's shareholder has report