. >> joining me now is vice president linda bakhshian. linda, we saw the knee-jerk reaction in the markets. that is not uncommon for the catalyst of this nature. why the disconnect what was so confusing about the statement and then the clarification need from jay powell from the press conference to say don't tilt as dovish. we're hawkish about this >> well, i think essentially powell really needed to thread the needle here. if he even gave the notion he was easing up on rate increases, then the markets would have had, you know, a crazy amazing day moving higher and creating move of an issue. he opened the door of a possibility of a lower rate increase in the future, 50 or 25 in the next couple months also knowledge that financial conditions are tighter and also raising the notion that higher rates will stay higher for longer as the clip mentioned, no pause whatsoever for the markets to misinterpret what he is going to do once the dust settles, i think it is acknowledging the pace and level offed increases that has been so far this year and