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the fed scrambling to tame prices for seven consecutive rate increases bringing interest rates to the highest level in 15 years. chairman power makes it clear that at the final meeting of the year there is more work to do and more payment had. >> you wish there was a completely painless way to restore price stability. there isn't. this is the best we can do. but i do think that the markets are confident that we will get inflation under control we are certainly highly committed to do that. >> bringing in our panel. and editorial board member kyle peterson. mary, i appreciated the cand...

The economy fundamentally strong but it will take a long time to work through those dislocations. >> look at the 401(k) and looking at equity prices those equity bonds have taken a hit but there hasn't been great crisis in the financial markets the big one being cryptowhich has blown up but are you surprised we have not seen a larger problem in financial markets and you expect cryptoto spread in the coming months? >> i think the cryptophenomenon is related to inflation but when there is a lot of money sloshing around the economy and encourages people to speculate is new areas and build bubbles...