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And nominal and real rates went up. Did the Fed take an explicit change in its policy rate today? No, but I think that's the beginning of the story, not the end of the story. And if I could, I did wanna ask not Ford guidance, but looking forward, traditionally a Federal Reserve Chairman uses the Jackson Hole Summit as a sort of a reset of monetary policy. Well, how do you look at the speech that you're going to make in August? I look at it like a blank piece of paper right now. I have not begun consideration with the incredible team here, what would go into that document. I think you characterized it correctly, historically, at least from my first tour of duty at the Fed to more recent periods, it would be sort of a setting up speech more often than not of what was gonna be happening in the fall.
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