joining us u austan goolsbee from university of chicago under president obama. steven moore, distinguished visiting fellow at the heritage foundation. steven advised president trump when he was a candidate and sometime after. nop one will be worse off financially under this plan. are those problematic comments. there are tens of millions of americans worse off under obamacare. it's led to skyrocketing costs of health care. 22% increases across the country in terms of premiums which is a

of the press. for more, we're joined by two guests. in chicago, illinois we're joined by bruce cumings, professor of history at the university of chicago. he is the author of several books on korea, including "korea's place in the sun: a modern history" and "north korea: another country." and in new york we're joined by , christine ahn, founder and international coordinator of women cross dmz, a global movement of women mobilizing for peace in korea. her recent article for foreign policy in focus isis titled, "south korean women take on trump." professor cumings and christine ahn, welcome to democracy now! christine,e, talk about the significance of the presisident being reremoved. >> it is extraordinary. i would say it is really incredible how come of months of organizing by mass movements to ununseat this presidentnt that s obviously charged for political corruption, but whose policies have really steered south korea into a very dangerous situation that we are in today. i think it is extraordinary what people in mass movements can do and i think it is not just great for south korea and peace on the financial a, but a really great sym

so, about 10 years ago, the university of chicago, their admit rate was about 40%. and i think all of us here will agree that the university of chicago is a highly intellectual place and always has been. they -- over the years, they got rid of -- so, they had this very interesting application 10 years ago where they thought that, by asking students certain essay questions, they would find the right students for them. and they did, and it was a hard application, but if you really wanted to go there and you were that type of student, you know, it was a good application for you. they got rid of that application, and their application numbers have gone up, and so, all of a sudden now, 10 years later, i think they may be below 10% now. >> so they look more selective. >> they look more selective, but has the quality of education changed? >> not at all, right? so, i do think it's important for families to, as you say, give the unconditional support. nick and masashi, did you feel like, when you were applying and looking at schools, did your parents give you the sense that y

i didn't have any lawyers in my family and flying blind and ended up going to the university of chicagonjoyed that, too. >>> there's a lot of institutions and the university and chicago law school. did you see yourself growing up as a minority facing many of the issues that minorities feel in terms of the getting into the best schools and having the best opportunities in america. do you relate to any of those stories. >> guest: yes, and no, yes in the sense that when i was coming through law school, there were very few asian americans at that time who were in my law school class. it wasn't that i heard a lot of my peers doing. now when you go, it's incredible how diverse the law school populations are for all kinds of minorities, my parents always told me that you are an individual, you have got to succeed on your own merits and never try to ascribe a blame or credit to other people. you rise work you put in. that is something that really pounded into me for quite a while. so i always tried to think, was i doing the best i could with the opportunity i have been given. that's because now

i think all of you know these folks, university of chicago, former governor at the fed. now with boot school at the university of chicago. a number of years at the fed now at johns hopkins, but now back to the fed. just can't quit the fed. woour now in the third largest economic expansion we've had. one of the questions is will policy changes being discussed both in monetary and physical policy extend that or not? in light of the discussion about the balance sheet, we look at the treasury all the time. that started to rise back in july with the ecb holding steady post brexit in the second half of july and then the boj saying it was going to reassess negative rates at the end of july, the ten year started a gradual rise and of course, it accelerated with the presidential election. right now, about.8 or something like that. so the fed hikes in december. it looks like they are prepped for a rise in march and so i guess let's start if each of you to address what's your view of current monetary policy. how is the fed doing up to this point and then what should we expect going

wages are also on the rise. , professor randall of economics at the university of chicago school of business and a former fed governor. thanks for taking the time to speak to us. we had been expecting this movement of a quarter percentage point from the fed. were there any surprises you heard in the fed statement or in janet yellen's forecast? >> she showed a lot of confidence and where the economy is. that is something we've not heard as much from the fed before. the fed has been very cautious about potential downside risk and such. she made it very clear, saying people should be comfortable about the economic outlook. i think that means a different approach. we've heard a lot about so-called data dependency. the fed will always be responding to this or that piece of data. she seemed to be saying were confident we will move forward even if the data is not so great because we are pretty confident in where we are going. the pacet do you think of rate hikes will be that will follow in the next year or so? the forecast of how many rate increases there will be suggest there will be three or so p

university of chicago, former governor at the fed. now the university of chicago. a number of years at the, now at johns hopkins but only to give that. so, we are now in the third longest economic expansion that we've had. one of the questions is will policy change being discussed both in monetary fiscal policy extend that expansion or not? in light of the discussion about the mortgage-backed component of the fed, and we at fannie mae looking at the 10 year treasury out of time. that started to arrive back in july with the ecb holding steady post brexit and the doj would start at the end of july and a gradual rise up at that point and accelerated with the presidential election in 2.6 i think 2.48 or something like that. so the fed hiked in december and it looks like the market is proud for the rise in march. we'll find out about that before too long. each of you to address what is your view of current monetary policy and how is the fed doing and why should we expect going forward than me see, how far will they go or should they go? what is your view up to the presi

university of chicago former governor at the fed now university school of chicago. jon foust now at jon hopkins on leave and back with the feds. you can't quit the fed. so we're now in the third longest economic expansion that we've had. one of the questions is will policy change which is being discussed in monetary and fiscal policy extend that expansion or not. in light of the discussion about the mortgage backed component of the fed's balance sheet, we have been looking at fannie mae look at that all the time. ecb holding stead in the second half of july and with the boj saying it's going to assess negative rates. it accelerated with the presidential election and it peeked at 2.6. right now it's 2.48 or something like that. the fed hike in december it looks like the market is prepped for a rise in march, we'll find out about that. let's start, get each of you to address -- first, what's your view of current monetary policy. how have the fed been doing up to this point. how fast and far would they go or should they go what's your view on up to the present and then

university of chicago, former governor at the fed, now with the university of chicago. and john foust, a number of years at the fed, now at john hopkins but on leave back to the fed. you just can't quit the fed. so we're now in the third longest economic expansion that we've had. one of the questions is will policy change which has been discussed both in monetary and fiscal policy extend that expansion or not. in light of the discussion about the mortgage backed component of the fed's balance sheet, i've been looking -- we at fannie mae look at the ten-year treasury all the time. that actually started to rise back in july with the ecb holding steady post brexit in the second half of july and then with the d.o.j. saying that it was going to reassess negative rates at the end of july. the ten-year started a gradual rise at that point and of course it accelerated with the presidential election and it peaked at about 2.6. i think right now it's about 2.48 or something like that. so the fed hiked in december and it looks like now the market is prepped for a rise in march. we

not happening much, but it does still happen occasionally, they go to a reputable website, university of chicagoeliac center, or harvard celiac now website and print what the symptoms are and bring that to their physician and say look, this could be what i have, can you please test me. it is a very inexpensive screening test. hopefully people won't be running into that barrier too often. >> what are some of the challenges your daughter faces? >> i think for children i think the biggest -- for most people with celiac or gluten sensitivity, socialization, going to birthday parties and not being able to eat the barbie cake, and going to restaurants and not being able to eat the same thing, not being able to buy lunch at school. it is very difficult in social situations for anyone, especially children. >> what is the easiest thing parents can do to get kids through this? >> i think to be organized, plan ahead, be a good communicator with your children's teachers, with their friends' parents, if they go to birthday parties, hopefully you can bring something similar. if you have a friend that's close,

our conversation with david mcintosh, a graduate of yale and earned his law degree from the university of chicago law school, spent two terms in the house of representatives representing indiana. he is a republican and his website is club for growth.org. get more information. jane on the republican line from cincinnati. good morning. caller: good morning. i'm just wondering, they keep talking about medicaid. what about medicare? what is it going to do to my medicare and my social security? guest: very good question. very important question. i can reassure you that it doesn't do anything that will affect medicare or social security. neither the republicans in the house and senate nor president trump want to do that. in fact, president trump has reet reiterated his position from the campaign, we're not going to cut medicare, we're not going to cut social security. host: this is a tweet from a iewer. guest: great question, steve. the real answer there back to those regulations. they required everybody to join, which should have created a bigger pool, and the the theory was that will lower costs beca

a graduate of the university of chicago law school, a phi beta kappa and managing editor of that institution's law review, robert bork has twice served on the faculty of yale law school and was a professorate that prestigious institution for a total of 15 years. mr. bork, as you have been told, has also been in the private practice of law innumerous occasions during his career and earned national reputations an outstanding litigator. from 1973 to 1977, robert bork was solicitor general of the united states, a job universally recognized as one requiring the talents of a "lawyer's lawyer." since 1982, robert bork has served as judge on the circuit court of appeals for the district of columbia and during that time has, in my judgment, accumulated a remarkable record -- a record, i respectfully submit, that should be most relevant to this committee's consideration. of the 426 cases in which he has participated, judge bork has been the author of the majority opinion in 106 instances. with respect to those 106 majority opinions, it is deserving of emphasis that he never has been reversed by the supr

department in the country, if not the world, is heckman at the economics department at the university of chicagon a nobel prize demonstrating how a dollar spent on pre-k's probably one of the smartest dollars you could ever spend on any social or economic program. >> inside stories of the week coming up. >> "inside story" is presented by temple university. remarkable change isn't easy, but for those who take charge, it comes naturally. explore temple's impact. visit temple.edu/impact. >> inside stories -- we'll start with george. >> the medicaid debate and the affordable care act -- they're saying one in three doctors in the country don't see medicaid patients. that suggests that the 2/3 of the doctors who do see medicaid patients can't provide them adequate service, and the second part is, those who don't see them don't see them because they either don't think they fit their patient profile or they don't like the repayment schedule. >> thanks, george. val. >> there's a special election coming up this week in the state house in the 197th district in north philadelphia after two state representat

he is an honored graduate of the university of chicago law school and managing editor of the law review. prior to law school, he served in the united states marines, and, while in law school, interrupted his legal education for a second marine corps tour. he had broad experience in private practice as a partner with kirkland and ellis, a nationally-known prestigious law firm. my friendship with robert bork expanded during his service as solicitor general, 1973 to 1977, while i was the republican leader in the house of representatives, vice president, and president. for the record, he was unanimously confirmed as solicitor general. just months into the job as solicitor general, robert bork was faced with a crisis not of his own making. president nixon, during the watergate investigation, ordered the dismissal of special prosecutor archibald cox. judge bork, when thrust into a very difficult situation, acted with integrity to preserve the continuity of both the justice department and the special prosecutor's investigation. i think in retrospect that history has shown that his performance

the university of chicago former governor here at the booth john. and now at you just cannot quit that fed. now in the third longest economic expansion we ife had and a question is policy will be discussed. in light of the discussions with the mortgage-backed component of the fed and the balance sheet, we have looked at the treasury. this started to rise in july holding of the ecb and the bank of japan saying they would assess the negative rates and started we will find out about this before too long. addresst each of you to monetary policy and what to and how far will they go or should they go? what is your view of to the present? maybe we will just go across here? >> i am delighted to be back here. i was on this board and i can see the conference has grown stronger and i am delighted to see that. grownnomy, i wish it had stronger, but i think there has been a consistent, if not exciting recovery. of the demographic reasons, it will be hard to get the labor hours and productivity has been slow. that is why we are getting 2% rateh with the inflation

in education, plenty of students here at university of chicago. there are thousands of students studying here in the united states on campuses, but also studying in australia a best number. even on capitol hill there is a vast number of people that role through congressional offices every year. andress women come up to me say thank you. producerss, we have and directors. we have business entrepreneurs from rupert murdoch to the head of dow chemical, to the head of morgan stanley. there is a cross engagement. when of the things that quite aruck me -- there were million american soldiers based in brisbane in world war ii. wasnot reported in time that there were brawls between the australian and american men. the american men had better uniforms were better and were chasing the australian women. the net result was 40,000 australian women moved to the united states. shivery whene people say, my mum was australian. it was a deep tie. i suspect it is still happening today, which is fantastic. >> we work with 2 different think tanks in australia and with

isis propagandavi videos that's inspiring americans and that's what we're doing here at the university of chicago. >> it is great research, not simple from the way you just described it. thank you so much. we appreciate you taking the time to be with us? >> thank you. >> during a week when russia has been the dark cloud over the white house, david petraeus is giving the white house a silver lining talking for a call between the u.s. and russia in the fight against isis and al qaeda and sat down for an exclusive interview with cnn fred plan kken in berlin. what kind of case did the general make for cooperating with russia and the war on terror? >> reporter: well, he said exactly that, there could be limited areas where the u.s. and russia could cooperate on and believed that the war on terror and specifically the war against isis in syria could be one of those place whereas the u.s. and russia could find some sort of accommodation, at the same time he also warned the u.s. should be very, very careful when dealing with vladimir putin and his government. >> it's very clear what vladimir putin's obje

the group at loyola university of chicago allow students who identify as white to talk about the, quoteconfusion about institutional racism and guilt about internalized racism. members must apply and take part in workshops to join. it costs $60,000 a year to attend. parents are outraged when their middle schoolers come home within anti-trump vocabulary test. a mom in illinois posting the quiz online with instructions to fill in the blanks on sentences like after reading about president trump's immigration bad i did not realize how blank the law can be. the answer is supposed to be radical. the school district says they are looking into the assignment had wanted may take disciplinary action. heather: does this ever happened to you when you're eating out? >> take a walk. want a happy meal? you got a happy meal? heather: a restaurant in north carolina says keep out the kids. abby: they say children are ruining their fine dining experience for patrons, the manager forced to defend the decision to ban kids 5 and under because customers complained of kids having tantrums while mom laughed and

mike huckabee and austan goolsbee, former advisor to president obama and a professor at the university of chicago school of business. welcome, good to have you here. trace laid it out well, governor huckabee, i will start with you. is this a bill that will improve this situation for people who do not like obamacare? >> it will force some of them, martha. let's be real clear, i will be honest with you and everybody who was watching. this is not a wonderful panacea. there will be people who right now have health care who may not be able to afford the new version because we don't know what the market is going to be. the fact that there are -- elimination of the mandate, both individually come also, the coverage benefits, that is a good thing because those were unconstitutional. it is also what made it financially feasible. i think the republicans are playing a little bit of a word again when they say they will and subsidies but then, come on the back end with tax credits. here is the problem. if you are a poor person, you don't need a tax credit because you can't wait for a year to get your money. y

i spoke to one woman who had gone to the university of chicago. she said that when she got there she could not find a decent coffee. she said she lives on coffee and so she wanted to re-create what she had had in chicago. she set up the first four or 5-dollar coffee place. so, there are other trends going on that i think are breaking through some of the problems that we had in the past. >> i'm david. i'm wondering if you could tell us more about the decrease of crime in brooklyn? you made the statement that there was a decrease of crime with the gentrification of the people who came and did not want to have the crime. not wanting it does not make a decrease in crime for simply ople who live in t project stolen crime either. was there a cause-and-effect? how did it compare with the decrease in crime generally? >> i think the decrease was similar across new york. and as many of you would know heather macdonald has done very important work on the decline of crime in new york and the policing revolution that seems to have played a big role in that. so

. >> joining us is a professor from the university of chicago and chairman of economic advisers underdent obama, and steven moore is with us, a distinguished visiting fellow from the heritage foundation. he has a unique perspective, he was a former senior economic adviser to the trump campaign. steven moore this morning above the fold you say they have to have a fikt victory here. the administration has to have a victory on tax reform. it hasn't happened in three decades for a reason. can they do the broad, big, huge tax reform they wanted now that they have this failure on healthcare? >> well, look, trump does need a victory. there's no question about it. this defeat that happened this week is week, as a conservative it stings. we need to reform our healthcare system and our tax system. maybe we won't get a huge grandiose fix of the howhole ta system, but i think they'll get over the goal line on tax reform and tax reduction, especially on the business side where i think even austin and i who clash a lot on this show, we could sit down in a room in ten minutes and come up with someth

obama administration, including david axelrod, who is running institute for politics at the university of chicago. they will be turning out a lot of legacy stuff on obama. not much being done on reagan like that. reagan, in two ways, was in -- one of the most certain presidents we have had in the history of the country. let me identify those two factors. first of all, he is one of five presidents who led the country through an existential crisis. you have washington, lincoln, wilson, roosevelt, all dealing with wars, and reagan dealing with, in effect, the preemption of a war, the preemption of the cold war. much more difficult to do, by the way, than to manage in some sense, and much more commendable than to manage a war after it breaks out. reagan preempted a war. and second, he is one of a presidents who was reelected twice and turned over the white house to his own party, which suggests not only that he was able to engineer outcomes, but he was able to bring the public along with him. he retired, of course come with a 68% approval rating. thoroughly three of those other eight, by the way, wer

alice kaplan looking for the stranger university of chicago press. olivia lang adventures in the art of being alone. peter warner. l. meyer alone here? catapults. the 2016 citation of criticism goes to carol anderson. [applause] reminding us that taking the country back has been the political status quo since the 1860's and the analysis of white america to african-american sociopolitical advancement with these essays covering the constitutional revolution andy actions and to explain the unspoken truth of the racial divide. white rage and democracy and of those damming critiques called to understand the white rage to step out of the shadow for a better future. [applause] >> i want to think robert, my agent. [applause] and he said there is the book in their. thanks to georgia blooms berry. who works with me every step of the way. and then who gave me the fight that we could be so much more than we are. and i want to think the critics. [applause] >> hello im chair of the autobiography committee. so the iceberg. gratitude problems berry. the return for th

with the international guard and her effort to eliminate the ground can't but, on friday the university of chicago law professor will provide a history of sex in the constitution. on sunday, investigative journalist will join us to discuss her books and take your questions live on the in-depth program. that's a look at some of the programs book tv will be covered this week. many are open to the public. look for them to air the new future on book tv on c-span2. >> i get to tape your speech to see if you really know what is going on good afternoon and welcome to the heritage foundation. we welcome those who are joining us in the heritage.org website and those who will be viewing us on c-span a book tv in the future. also welcoming a group called the liberty bells here with us today. very shy and retiring. for those watching online we remind you that you're welcome to send questions or comments speaking e-mailing the speaker and we will post the program on the homepage following the presentation for everyone's future reference as well. we have copies of the book available for signing and purchase aft

capital and a former member of the trump transition team executive committee, and austin goolsby, former top advisor to president obama at the university at university of chicagousiness school. austin, this is the argument that's being laid out in this piece. what do you make of it? >> one, if what the group did internally actually saw the classified information that made them nervous, they would be nothing inappropriate about leaving that information in classified situations that people could find later. if what happened is if you look at the classified information, there's nothing there, then it would be a little odd that they would've left it. the second is donald trump has come to this issue with kind of what i call a private sector lawsuit mentality, not with a political scandal mentality. and by that, i mean -- and it's not partisan. the clintons used to do the same thing. these come at it with the "reveal nothing, say nothing, deny everything," and the problem with that is if you do that and then they find out little bits of information that come out, that drip, drip is a killer. the only way to put stuff like this behind you is to reveal every bit -- e

with the international guard and her effort to eliminate the ground can't but, on friday the university of chicago law professor will provide a history of sex in the constitution. on sunday, investigative journalist will join us to discuss her books and take your questions live on the in-depth program. that's a look at some of the programs book tv will be covered this week. many are open to the public. look for them to air the new future on book tv on c-span2. >> i get to tape your speech to see if you really know what is going o

joining us u austan goolsbee from university of chicago under president obama. steven moore, distinguished visiting fellow at the heritage foundation. steven advised president trump when he was a candidate and sometime after. nop one will be worse off financially under this plan. are those problematic comments. there are tens of millions of americans worse off under obamacare. it's led to skyrocketing costs of health care. 22% increases across the country in terms of premiums which is a huge pinch on american families. i was in arizona a week or two ago. in arizona premiums have doubled. it's hard for republicans to do anything worse -- >> i do understand premiums have gone up and arizona is one of the worst places. if you're saying no one will be worse off financially, the cbo could come out and say 5 million people will lose their insurance, ten million people will lose their insurance. if you're losing your medical insurance, aren't you worse off financially? >> i think republicans need to take that off the table and say we're going to cover everybody who is

along with anti-german and anti-dutch -- forbes and starbucks and justin bieber, japan, the university of chicago, and the atlanta police department. >>> a new move. created in silicon valley hope to make tech workers more politically active. >> when you go into your next job interview, don't just ask about the stock options and how many ping pong tables they have. ask how much does the company give back to the community. >> the new group called tech stands upheld its first rally in palo alto. they spoke out against the trump's administration. they were supports in the crowd as well of the president. >> in particular in the valley, we depend on the immigrants and i'm an immigrant myself and it seems we should do our part. >> the part that i think the tech workers will realize in the in ex-four years is that trump's economic policies will bring a lot of growth and opportunity for tech workers. >> the tech stands up group is planning another gathering next month combining code writing with a meeting this policy maker. >>> all right, pat. time is 6:44. let's check gasia who see what's coming up. >>>

he is a ucla graduate, university of chicago law school and united states naval college. and then her scholarship focuses on national security, criminal procedure and executive power. she previously served in the office of legal counsel during the obama administration and as an associate at kellogg hanson. jane is a graduate of harvard law school as well as harvard college. she clerked for judge gorsuch and then sonya sotomayor and then matt owen, staff director and chief counsel and chaired by senate rob portman. he previously served as chief counsel to mike lee as a fellow in the office as solicitor general, and as law clerk to neil gorsuch and antonin scalia. a graduate of the university of texas at austin and the university of michigan law school. we'll hear from you first. >> thanks to the heritage foundation for having all of us and thanks to mark for giving such a real tribute to judge neil gorsuch who really is a truly amazing person. i thought what i would do for a few minutes, talk about the person that neil gorsuch is and the way he's affected my life in particu

currently professor at the university of chicago's booth school. welcome gentlemen. austin, i want to start with you. we know the jobs number needs to be in the right direction rather than the wrong direction. how important is this number as it relates to the overall economy, not just the voice here on the floor of the exchange? >> i think it's pretty important. we are now in the longest string of jobs creation in u.s. history at least since we have been keeping the data. i think that's important for both politics and the economy that that keeps going at a steady, growing pace. it's surprising, we have been able to do this for as long as we have but i think it's great. >> surprising. does that mean you think it's going to change? >> i certainly hope it's not going to change. personally, i don't think it's going to change except that we got to be inching our way closer to full employment. as you run out of bodies to hire, the numbers are probably going to shrink a bit. the question is how much below 4.7% unemployment can you get before the fed starts raising the rates

. >> joining us now austin goolsby, former chair, he's currently a professor at the university of chicago. wilson, republican strategist and contributor to the daily beast. is there anything you can imagine the democrats coming together with this president on? >> not right now. i mean, this is the same day he -- they're going to strike down all of the climate change and current pollution regulations that obama put in place, trump's budget would abolish after school programs, massively cut medical research so that they can have giant tax cuts for billionaires. this is -- i mean, he's like the worst guy in your fantasy football league, the guy who is constantly proposing, you give me tom brady and i'll give you two backups that are no one. he's on a different planet. i don't understand what he's thinking. >> rick wilson, there he is with more republicans there than democrats. he's clearly saying for all republicans in washington to hear, that he is eager to work with chuck schumer knowing that anything they tried to do in health care would have to be pulled miles and miles to the left from

he's a graduate of ucla, the university of chicago law school, and the united states naval war college. second, we'll hear from jane. she's a fellow at the harvard law school where his scholarship focuses on executive power. she previously served in the justice department's office of legal counsel during the obama administration and as an associate at kellogg hanson. she's a graduate of harvard law school as well as harvard college. she clerked for judge gorsuch and then for justice sotomayor. then finally, we'll hear from matt owen, who is a staff director and chief council of the u.s. senate permanent subcommittee on investigations, chaired by senator rob portman. he previously served as chief counsel to senator mike lee as a bristow fellow, and as a law clerk to judge gorsuch and justice antonin scalia. he's a graduate of the university of texas at austin and the university of michigan law school. jameel: thanks to the heritage foundation for having all of us and thanks to mark forgiving and thanks to mark forgiving such a tribute to judge gorsuch who is a truly amazing person. i'm

he also clerked for edith jones of the 5th circuit, graduate of ucla, university of chicago law school, and the united states naval war college. second we'll hear from jamie nitsa, where her scholarship focuses on national security, criminal procedure, and executi executive power. she previously served in the office of executive counsel during the obama administration. jamie is a graduate of harvard law school, as well as harvard college, clerked for judge gorsuch and sonya sotomayor. then matt owen, previously served as chief counsel to senator mike lee, as a bristol office in the and is a graduate of the university of texas at austin and the university of michigan law school. so, jamil, we'll hear from you first. >> great, well, thanks to the heritage foundation for having all of us and thanks to mark for giving such a real tribute to judge neil gorsuch, who really is a truly amazing person. i thought what i'd do just for a few minutes talk a little bit about the person that neil gorsuch, judge neil gorsuch is, and the way he sort of affected my life in particular. i saw him in three

theing us to discuss is former fed governor, professor of the university of chicago business., it is about the rate hikes passed. i want to show our viewers the chart. there iseresting, now less certainty about when we will get rate hikes and how many. it seemed like a couple days ago we thought three or four. now there is less certainty here. randy: i think the markets were expecting they would take out the word gradual. that is how they have been describing the pace of increases. they left that in. janet yellen made it clear they do not want to move rapidly. surprisedat is was the markets. that is why the dollar weakened. betty: do you think it also ,eans the committee members even though inflation is something they are watching, that they may be willing to tolerate a little bit of an overshot in inflation in order to allow the economy to continue to recover? a new word they put in was symmetric. they said they wanted to reach their inflation goal and it is asymmetric role. they do not want to be too high above or to hide below. they do not want to say things have been so we

very popular throughout the university of chicago. part of this is true. anybody from moldova?nobody, good. i actually love moldova. it's a great country. i traveled there once with the vice president. he got the largest crowd ever from one of his speeches, so vice president biden also loves mulled over. nobody is worried about moldova overthrowing the international system. nobody is worried about moldova threatening europe or threatening the liberal order because mulled over to my window disrespect but they don't have power and capability to do that, right? so this story about capability is part of the explanation. if russia didn't have power we wouldn't be concerned with that. but it don't think it's sufficient explanation for a couple of reasons. one, i can think of countries that rise in power and don't invade their neighbors. and don't challenge the international order. japan and germany come to mind right away. after world war ii. even poland, poland has territorial claims that you wanted to be belligerent with the neighbors. nobody is worried about poland. we're worried