Real rates tightening observed; Fed monitoring market reaction function closely.

This is a good thing. As I mentioned in the prepared remarks, we've seen a material tightening not just in nominal rates, but in real rates too. And we're observing it. We're trying to stay out of that because many of you might be interested in our reaction function. We're interested in the reaction of financial markets. I get that, Mr. Chairman. And I guess the follow-up question is, if the markets are talking to you, what do you hear them saying? And if it's real rates or higher, it would suggest that that's where the funds rate ought to go. Yeah, so... Sorry. I'm sorry, it's your question.