 Chairman Powell made it clear in his testimony with me that he understands that. He's going to remain data-driven. We see inflation moving directionally downward, at least the rate of growth, but it's not where it's supposed to be. And I think he's going to make certain that this isn't a transitory bump before he takes any sort of action. I think that's the right thing for the Fed to do. We need to make certain that we get inflation under control. And the most important thing right now is that they not allow themselves to be perceived as political actors.