ms. mester: it is inflation.want to make sure we are positioning our policy so that inflation does not, you know, move in a direction that is persistently high. right now, i think we are in a good position, but i think that is probably the biggest risk going forward. and we want to make sure that our policy is supporting getting back to maximum employment. the two goals, usually they are coincident, right? this is a case where perhaps the inflation number is too high and we will have to take some action. there's a lot of evidence that labor markets are very strong. i think that is going to be something that is -- that is tricky going for -- going forward for us. kathleen: thank you very much for joining us. this year is going to be an exciting one for the fed and everybody else looking ahead. ms. mester: thank you for having me and thank you for engaging in a great discussion. kathleen: thank you, too. haidi: the statement added there's no discussions. we will be watching when hong kong markets resume trading on