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behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

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Bloomberg this is an important conversation

is he spoke to James Bullard yesterday

as we spoke to William Dudley moments ago.

Michael McKee advances the discussion

with Mr. Kaplan of Dallas.

Michael.

Thank you, Tom.

Good morning, Rob.

Thank you very much for joining us today

on Bloomberg, radio, and television worldwide.

And thank you for not wearing a tie and not making Tom look bad here.

I'll try, yeah, I try.

I hate to do this, but let me start by playing the cynics advocate.

There are those who are saying this morning,

the Framework Review Change is all well and good,

but what makes you think you can even get to 2% inflation, let alone over it since you've gone a decade without getting there?

Yeah, it's possible that it will take a while to get to 2%. Technology, technology-enabled disruption in particular are limiting the pricing power of businesses and

...