tom: we are going to talk to pooja sriram, u.s. economist from barclays. t's go from wea yen to strong dollar. how does a strong dollar changes the degrees of freedom that jerome powell has? pooja: thanks for having me. a strong dollar is definitely something that is favorable for import prices. it should help in the long term to try and relieve some pressure at least from imported inflation. tom: president trump would say we need to bring the dollar down to spur exports. we have not heard that from president biden so far. give me the export side of that equation. pooja: it is true that a stronger dollar would be slightly unfavorable foreign exports, but the focus now is on taming inflation pressure. from that point of view, the stronger dollar is -- absolutely. lisa: going to ed yardeni's point, they will not raise rates into recession. is that an accurate characterization of what you expect from the central bank? pooja: absolutely. no central bank wants to engineer a recession. what we saw in their summary of economic projections, what we heard from chair