hi, steve. >> >> i am joined by ripped fed president thomas barkin. on this interview, regarding, let's start with the inflation numbers, the consumer inflation picked up, food and energy, the core number remained stable at 3% is it your pin that inflation is transitory here or are you starting to believe there are certain structural assets to higher inflation numbers >> there is no question the inflation we saw was heavily driven, almost three-quarters by things like used cars, new cars, rent am tars, return-to-normal in travel and the like what you see in headline is a lot of food and energy some driven by the fly chain i think we're in the part of the process on the core inflation numbers where you actually see step back. you will see airline come down as delta came up you see some of the car prices come down. that's covering up i think some increase and some broadening of the inflation numbers to other numbers. i think there is risk on the inflation side, i'm watching that very carefully. >> is it your sense inflation will come down next year what

efficiencies tomorrow, we will ask about inflation, unemployment and a lot more we have an interview with thomas barkineve, between the higher input cost for producers and that getting passed on to consumers it seems consume verse a lot of cash and are willing to pay no matter what the price may be we talked about this consumers have the cash and they are willing to pay up. >> that's exactly right, becky have you this interim period here where consumers have, they're getting somewhat higher wages. they are getting a lot of assistance from the government what's been happening is generally people like to smooth out their income and they can raise their savings, obviously, with poor lower americans, that's more difficult. when they have them, they'll smooth it out. they won't change their spending habits right away. they'll say, hey, things will get better, things will be okay. i'll use my savings and keep my consumption the same over the short to middle period of time over time, they'll reduce them and make instisubstitutions over time that's when inflation undermines the economy, i was thinking like a r