You're listening to Closing Bell in Progress.

That's really the thinking there.

These are fairly well understood channels.

Interest sensitive, and basically across the economy we'd like to slow demand so that it's better

aligned with supply, gives supply at the same time time to recover and get into a better

a better alignment of supply and demand and that over time should bring inflation down.

And I'll say again though, you know, we don't have a perfect crystal wall about the future and we're prepared to use our tools as needed to restore

price stability.

You know, as I mentioned in my opening remarks, without price stability, you really can't have a sustained period of maximum employment.

It's one of our most fundamental obligations is to maintain and restore, in this case,

price stability.

So we're very committed to that.

Of course, the plan is to restore price stability

while also sustaining a strong labor market.

That is our intention, and we believe we can do that. But we have to restore

price stability. PR. Thanks, and I apologize if this covers some of the same ground you just talked about, Mr. Chair.

I think I missed some of your answer there, but I have a follow a question on the on the labor force.

We have seen some gains in the prime age workforce in the last few months.

I wonder what you anticipate when it comes to some of the older workers as the health outlook has changed?

Are we going to see more recent retirees following Tom Brady back in the workforce and what would that mean for wages and inflation?

It's hard to say you know the what we what we saw in the last cycle was that over

the course of a long steady expansion, labor force participation

...