is powell doing a good job relative to predecessors of keeping a fair amount of consensus and singlerpinion of this wide-ranging review? >> i get the impression he is. the most interesting question that is still unresolved is if you are going to have an average inflation targeting regime, over what time span are you going to have that target echo they have not said anything about that. there are two reasons. one is they want to see how the data pans out the second is there may not be clarity among the members. they may not all agree. they are trying to coalesce around a specific data point before they actually come out. we read a crucial moment where we have almost maximum certainty because we are getting into this full reopening. they want to save their dry powder in terms of being very specific about what that timeframe is. caroline: the 579 billion-dollar infrastructure deal took the market by surprise how quickly they seemed to strike a deal. do think the federal reserve has been factoring in that level of stimulus from a fiscal perspective? >> definitely not there is the whole co