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Slack.com slash DHQ. We'll take the past five days in this economy. We'll review and

analyze and digest all in six, maybe seven action-packed minutes. From American public media,

this is Marketplace. In Los Angeles, I'm Kyle Rizzo. It is Friday today, the 16th day of

December. Good as always to have you along, everybody. It has been a week in this economy.

We got Jay Powell. We got retail. We got it all Neil Richardson's at ADP Jordan Holmonds

with the New York Times. Hey you too. Hi Kyle. Neil, let me start with you. I want to

start with Jay Powell and the press conference after the Fed's two-day meeting at which they

raised the federal funds rate a relatively tiny half a percentage point. What did you

make of the Fed chair's vibe as it were? He reminded me of a stern father who wanted

to make sure that his message was being heard by his children. The message was look in

the inflation is still in tolerably high. We have our eye on this fall. We're going to

stay strong on inflation. This is not the end of the road in terms of hiking rates. There's

more hikes to come and we're going to keep it high. The problem is there was a little

bit of teetering in the markets. That message wasn't quite believed as much as I think

Chirphow would have liked it to be. Jordan, why do you think the markets haven't

believed the Fed chair? He's been saying basically the same thing for months now. I guess we

have just been waiting for what the Fed wants to happen to happen. That's definitely a

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