Chairman explains eight weeks without forward guidance; markets sending unfiltered signals.

Yeah, so I think officially it's eight weeks and four days, but I'm not counting. The message from markets is the message from markets. What I've really been trying to do, Steve, as I think you appreciate your colleagues' appreciate, is getting an unfiltered message from markets, getting a direct message, letting buyers and sellers meet at prices for treasuries, for the foreign exchange value of the dollar, and then trying to judge for ourselves, what does that mean about our remit? How are we doing on inflation? How are we doing on employment? We're trying not to interfere with that market signal. That's part of the reason why we've been somewhat spare in our words. We pulled back from forward guidance. So they're reacting to events, I would say much more directly over the 42 days since we last met.