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Or lear seating? i hate to use the words, we're in a vicious cycle here. i'm worried that not enough is getting done. i've been yelling and screaming about the fed and fighting inflation. they're going to raise interest rates a half point soon to 1 1/4%. the ten year is 3%. so the market is yelling and screaming. they just keep saying, we'll follow suit and get there sometime. sometime is not soon enough. >> neil: your making a reference to the ten-year bond. right now it's 3%. that's something that the federal research can't control things, but it's the fact that it's backing up, they're worr...

What can the fed do? what can the white house do to try to tamp down inflation and calm those concerns about the rising prices? >> reporter: well, that's a great question. we have to remember that inflation is towel lit purview of the federal reserve even though it's certainly weighing on the president's poll numbers. price stability is what the fred is there forks and the good news is that the fed knows what to do here. they can tap on the brakes of the economy by raising interest rates and unwinding their stimulus programs. i think the bad news is that the faster or the harder they have to h...

You kat to 6% as early as we did in that didn't go up from there so i would be shocked about the first time since the second world war if it didn't go up from there. first he got to retire the word transitory. every time we in the white house say it, i was reminded of the princess bride who said you keep saying that word, i don't think it means what you think it means because it's been used for eight or nine months now as the inflation has gone up but the fact is they are attacking supply and stimulating demand and if you do that, you get inflation, that's not rocket science we want that's on ...

Powell. >> but at this point the economy is very strong and inflationary pressures are high and it is, therefore, appropriate in my view to consider wrapping up the taper of our asset purchases which we actually announced at the november meeting. perhaps a few months sooner. >> so despite the concerns about covid, powell is saying the fed could actually unwind its stimulus programs earlier than expected. that's a surprise given the timing and that's not sitting very well with investors. ana, whether it's covid directly or fed policy there's a lot of uncertainty right now and it's not sitting w...

Suggests there's price gouging going on in the oil industry. it leads one to wonder if he's going to be blaming retailers in some way for the prices going up at retail stores. i don't have any inside information. >> martha: that had been floating around a little bit, that they were going to point fingers at american companies for raising prices as the reasons for inflation. you just wonder if it didn't go well with these ceos. i don't know why they have to push it off by 48 hour or something else came up that is more important. we'll see. peter doocy is on it. >> we were mentioned liz warren i...