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Inflation goes, that's on the fed, austin. what do you think about the pivot we heard earlier this week from jay powell? >> i was quite surprised. i mean, it basically seemed like chairman powell, now that he's getting reappointed said, all that stuff i said about i'm going to hold out and not raise rates, maybe i am going to raise rates and let's start the taper sooner. i think all of the things that eugene said were spot on and accurate. that in a way the fed's timetable and the economic timetable are not on a political timetable. and that's the hardest part for the white house right now is ...

(vo) ask your doctor if it's right for you. learn how we could help you save on imbruvica. with downy infusions, let the scent set the mood. feel the difference with downy. ask your doctor if it's right for you. at this point, the economy is very strong and inflationary pressures are high. and it is therefore appropriate in my view to consider wraps up the taper of our asset purchases which we actually announce ted november meeting. perhaps a few months sooner. and i expect that we will discuss that at our upcoming meeting in a couple of weeks. >> that's federal reserve chairman jerome powel...

A month. now powell says the bank will consider speeding up that plan. >> 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. >> now, the november jobs report is expected to show strong job creation. he just said it's a strong economy, another sign of a strong economy heading into the end of the year. more needs to be known about the omicron variant. all three major stock indexes decl...

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...

Are we going to do it getting so close to the brink? that's scary. >> what about people going to the store and buying things more expensive than they should be, or buying a christmas tree that is way overpriced like i did over the weekend. >> that's because you live in the city, so we're going to blame that on you. but jerome powell had a serious pivot today. inflation is transitory, meaning short term. yes, inflation is related to the pandemic no doubt, but it's not going away in the near term. so now he's saying we need to absolutely focus on these inflationary pressures, and that's the most...