. >> as janet yellen, the treasury second told sarah eisen in china. >> they are firing on all cylinders, and inflation is coming down, and the job market is very strong. growth is really been a lot stronger than i would have expected at this stage. we had 3.1% growth last year, and inflation is coming down. labor supply is up. >> is the secretary wrong? >> no, she's right, but that's happening in spite of higher interest rates. she's not suggesting because of, but here's where i am going with this. >> you said rates can rise for the right reason? >> well, auto sales are not going to thrive if we get interest rates going higher from there. they are doing well inspite of higher interest rates. credit card receivables are hanging in there, and delinquencies have picked up folks, back to where they were on the curve before the pandemic. it's not easy to be a young person making money and keeping up with the costs of living these days, so you can't go much higher here. >> at the same time you have kris harvey at wells fargo, and yeah, there could be more volatility, but at the end of the day