1. Will the new president's proposal of spending increase on infrastructure with excessive liquidity of easy Monetary policy may overheat the US economy to be inflationary, due to supply chain bottlenecks? Will it be a sustained inflation due to rising wage and rising raw material cost such as energy cost with Ukraine issue? If so, will it cause the Fed to speed up the rate hike? If tariffs over trade and possible retaliation could be inflationary, does it give another incentive for the Fed to speed the rate hike? Or do you think Protective trade policy can contribute to prevent the overheating economy?