mr. kaplan: yes. you are seeing more drilling activity.ased on our discussions, if prices get, which they are about there now, between $55 and $65 a barrel, you'll see increases in drilling activity. we are already seeing it. you will see a good operating environment in 2017. this is based on the fact global supply and demand is finally getting into balance. we expect that to curve in 2017. michael: do they think they are going to be maintained we will not go through a boom and bust cycle? mr. kaplan: most people have been through booms and busts. after what they have been through, i would say they are very careful and cautious. if they have a chance to deleverage, they are. they are being careful about capital spending. of what is imprint going on the last couple of years will cause them to be cautious. even with that, you will see more activity. back to monetary policy, you are a voter. when you look at the economy, leaving aside the possible impact of the trump administration, is 66 basis points appropriate for this economy? mr. kaplan:

mr. kaplan. >> within a week the amount was refunded in full. >> bob says no one else knows his account namedress and seen no other evidence of being hacked. it's a mystery as to how tickets landed in this e-mail. he changed his password and disabled his account as a precaution. >> you're looking live at what's a happy new year's eve for bald eagles in florida where there is a wait on for another to join its sibling. 30 minutes ago we saw it being fed by its mom harriet with the unhatched egg alongside. yesterday the live stream captured the moment right after the chick broke its egg shell. amazing. you can go to our website, abc7news.com as the second eaglette. should hatch any moment. >> a man heard cries from a drain around 3:00 friday morning and called police for help. wild life services stepped in. the only way to get to the raccoon was to cut through pavement and dig to the pipe. 20 hours of releaptless work later. unfortunately they pulled the animal out but despite tremendous effort the dehydrated raccoon did not survive. we have details on the ride that stranded 21 people and remai

mr. trump is proposing, so it is going to be an interesting set of discussions over the next three days here. francine: there is a great exclusive interview you have coming up later. michael: robert kaplanon jobs day. ofwill have what he thinks how the economy is doing and how monetary policy should respond. it will be his first year because he is relatively new to the dallas fed. i want to go back to the quote from the fed minutes, where he uncertaintyve great with what will happen in 2017 with fiscal policy and what that will mean. we will try to pin him down a bit. tom: michael mckee, thank you so much. professor rogoff, final thoughts with you. professor summers talked about uncertainty. define the uncertainty professor rogoff sees right now. ken: there is uncertainty in u.s. politics. tom: but it is more than politics. ken: we do not know what direction the fed will be going. i would think the economy, there is a lot of upside on uncertainty. in chicago, going out to the aa meetings today, there is a lot of hostility. people are angry. a lot of people supported hillary clinton or even bernie sanders, but that does not necessarily mean in the short-term the economy is going to be so