 We have the luxury of time. They don't have that anymore. They need to do on the merits of the data. My read is it's time to cut. My read of the Fed is they will cut in September, not July. If it should be July and it goes to September or beyond November, potentially, Claudia, then how much damage could the Fed do to the economy by not moving in July? If you remember with the Federal Reserve, their policy tools act with a lag.