kocher is higher by 2 1/2%. >> the founder and ceo of ds economics, david kelly from jp morgan fundsef asset management. do we get a rate hike today? >> no. >> why are you laughing? >> sorry. it's not happening today. >> somebody's got to play -- i'm fine with that. here's my beef with the fed. let's assume you're right and everybody else is right and we don't get a rate hike. it is really -- >> i'm taking a big assumption on that one. >> is it really because of one piece of pay role data? that doesn't seem right. look how low the bond yields are right now. and that is complicating things for the fed. >> larry kudlow was on an hour ago and he would tell you you're crazy. there is no reason to do. so wrong, wrong, wrong, wrong. >> i'm surprised that larry would say. that the interest rate is the most important price in the economy. rate of interest is set an inappropriate level. it is misdirecting resources throughout this economy. moreover, the fed wasted the opportunity to reload monetary policy so that if we do have a problem they could cut rates to stop growth. it's a happy tortuo

thank you very much, chairman kocher, senator shaheen hold -- >> senator markey stepped in too. >> senator mark kirks thank you so much for being here. thank you for the opportunity to testify to appear before you today. 25 years ago at a conference held of all places in moscow, members for the organization of security and cooperation in europe established a principle issues relating to democracy, human rights and rule of law, i quote, matters of legitimate concern to all participating states and do not belong exclusively internal affairs of the state concerned. to the council of europe, russian federation has you know taken clear and binding commitments with respect to election standards, freedom of expression, freedom of assembly and other important aspects of human rights. all these principles enshrined in the russian constitution. in 16 years nearly a full generation in power, vladmir putin turned these regimes and principles into a dead letter. today elections in our country serve as mere ritual for ordaining incumbents with most people simply disqualified from the ballot. with voting