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What Do They Signal for the Next Meeting?
Nick Timeros: I think the big question really is on what do they signal for the next meeting? Do they signal anything? There are reasons to think that maybe there's less of a passing the cost benefit test once you've got rates up this high, at least closer to neutral. We'll see how much the committee over the next couple of weeks is prepared to talk about those things. Jack Welch: Nick, it's been a total pleasure having you on forward guidance. You should follow Nick Timeros on Twitter and check out his book, Trillion Dollar Treeage.