the third, the scare is gone to parafrase bb king. there is assessment that the worst has passed, but still not enough signs of improvement. finally, exit strategy, this gets to mr. ryan's question and i hope you can be more particular about it. though there is this expectation of some inflation, the chinese are looking for an exit strategy that gradually withdraws an appropriate amount of liquid it ty from the market to increase the chance that you have to purchase your own debt issuance over time. the question i had is what can you tell us about inflation expectations and the fed's exit strategy with regards to this concern expressed by the chinese? >> certainly. i think not just for the benefit of the chinese, but for the benefit of the united states and for our own people -- >> absolutely. >> -- we need to explain how we're going to restore fiscal sustainability and avoid inflation. let me just on that latter issue, let me just begin by saying that the federal market committee, the federal reserve is strongly committed to price st