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The Banking System as a Whole
I think it was a tricky balance because you're right. There are really three things that Chair wanted to get done yesterday. He obviously in the committee wanted to get that rate hike in. They also wanted to signal that they have the option not to hike at the next meeting. But then they also wanted to provide some insight into their thinking about the financial system. And I think that's about the message we could expect from him.