shelia bair joins me again.lways a pleasure to see you. >> thank you, ali. >> when we talk about gdp, it's the broadest measure we use, it may not be as effective as other things, but the broadest measure we use. back at the end of 2008, the economy, the gdp contracted by 8.9%. after that, it was 6.7 and then 0.7%. then it started to grow. we got up to 3.9%. it was very strong. then into the 2s and 2011, we had sort of a dodgy year. now we've got brand-new numbers that show that the economy is growing at an annual basis of 2.2%. so it's going to be 2.2% bigger in 2012 than it was in 2011. that's not much, particularly when you compare it to a lot of other nations. so is your idea that interest rates should go up a signal that we think you're okay? you're confident in this recovery and we're not going to be set back again? >> i think it is a signal that this has gone on long enough and there's only so much you can accomplish through monetary policy. our economy is still struggling, but the way to fix that is thro