loe retta comes from a bank with very hawkish tradition. senator has been one of the people who makes very few waves. she hasn't done a lot of monetary policy speeches. it will be interesting to see if the cleveland fed takes a more prominent role in talking about what the economy should do. >> what are we thinking of this? >> it's critical. it's interesting because she oversaw some soft research that was used by the house on tuesday to attack janet yellen from the philadelphia fed arguing that 80% of the reduction in participation in the labor force is structural related to retirees which is in contrast to other estimates out there. she walks into the equation with view. more hawkish it sets up the stage for more decents in terms of monetary policy. that's going to be more confusion than clarity where we have noise from the weather. and the fed crossing 6.5% thresholds and things like that. >> you put out a note saying the hallenges facing the yellen is weak jobs. >> might they change based on qualitative views? >> that is certainly the on