we are doing that with lindsay piegza, steeple economist. as we tie in the big numbers we got this morning, what the president is saying, digesting what this means for the inflationary numbers this morning. do the numbers show that we are falling further behind when we think about a federal reserve that is still in qe? dr. piegza: in part, yes. this was certainly a strong number, well above expectations. when we look at earlier revisions, this supports the fed's thesis that the u.s. economy continues on a solid trajectory, at least from an employment standpoint. when we look at the fed's decision to presumably raise rates next month, it is in line with assad labor market. arguably we have seen so many months of positive job creation that the fed could have begun to raise rates earlier. but if we move away from the employment side and look at the wage side of the equation, consumers are still well behind what we see in terms of inflation. the president said wages are still growing, yes, but consumers are in some ways being left behind, even w