Not a pause but rigorous review; financial markets reacted to inflation and growth data.

I would characterize what we did as a rigorous review of the economic situation. I would characterize what we did as a review of the big hard questions. And I'd characterize it as a view of what our own homework is to try to resolve those questions in the period ahead. If you were to try to force a description that this was a pause, I would say financial market prices would take the other side of that. Financial market prices in this inter-meeting period, they didn't pause. They reacted to the inflation data in one direction, strong economic growth in the other direction.