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Us to a higher growth platform. sandra: there's been a lot of talk about the president's open criticism of the federal reserve and i just -- i know you just mentioned the risk to the markets that the federal reserve poses with these interest rate hikes. the president's been critical of the hikes, saying the only problem our economy has is the fed. and he's been critical since he took office. it was a couple years ago, he said th fed is obviously not independent. how does that open criticism from the u.s. president, how does that affect markets? >> it's certainly unusual. i think even the fed i...

We've heard from the president of the new york fed. and then second, the fed has to realize that it cannot keep a really important policy tool on automatic pilot. that it needs to be more sensitive to what's happening. and i think that the fed can regain control and we can stop the self-inflicted wounds. sandra: do you think the president's criticism of jerome powell and his actions as the federal reserve chairman, are they warranted? >> no, i think the president has a point in saying fed, get a feel for what's going onioned the strict narrow domestic economy. i think you don't want to cross o...

The fed would do and what they thought the fed should do. many people wanted the fed to be more aggressive, and he is deflecting right now at this hour in this conference criticisms that the fed has been too incremental and that the monthry policy tools they have to keep interest rates low and boost the economy have been somewhat lumpy for lack of a better word. the fed chief used that word himself saying that's the way monetary policy sometimes works that they still have tools to try and boost the economy. but they don't want to pull them all out at once and that this should keep interest rat...