I hope. CHAIRMAN BERNANKE: So first of all, gasoline prices obviously have risen quite significantly. And we of course are watching that carefully. Higher gas prices are absolutely creating a great deal of financial hardship for a lot of people. And gas, of course, is a necessity. People need to drive to work. So it's obviously a bad development to see gas prices rise so much. Higher gas prices, higher oil prices also make economic developments less favorable. On the one hand obviously the higher gas prices add to inflation. On the other hand, by draining purchasing power from households, higher gas prices are also bad for the recovery. They cause growth to decline as well. It's a double wham my coming from higher gasoline prices. Our interpretation of the increase in gas prices is the economist basic mantra of supply and demand. On the one hand we have a rapidly growing global economy, emerging market economies are growing very quickly. Their demand for commodities including oil is very, very strong. Indeed, essentially all of the increase in the demand for oil in the last couple of years, in the last decade has come from emerging market economies. In the United States our demand for oil, our imports have been actually going down over time. The demand is coming from a growing economy where we have seen about a 25 percent increase in emerging market output since before the crisis. On the supply side, as everybody knows who watches television, we have seen disruptions in the Middle East and North Africa, Libya and other places that have constrained supply. That supply is not made up and that has in turn driven up gas prices significantly. This is an adverse development. It accounts in the short-term for the increase, all of the increase in our inflation forecast at least in the very near term. ....and in other news Obama is a citizen. Conspiracy theories crushed today.