Speaker 1
No. So if we're an essential banker body, right, so there's arms, legs, two eyes and nose and maybe something in here or maybe not,
Speaker 1
course. They're just trying to do what's to achieve what their policy mandate is. So for the Canadians is they want to focus or target, try to achieve a certain level of inflation. And where they've been surprised so far, you know, they've gone from, you know, basically zero up to four and a half, you know, very, very quickly. And it hasn't been that much of an impact on inflation. I would argue, and I think Rich has talked about for as well, you know, a lot of the slope memory inflation is not declined. We all know that, but you know, the media will say, Oh, yeah, inflation is down this one. It's just growing slower. I mean, that's that's all it is. But a lot of that has simply been as just year-to-year effects and, you know, some are like energy has come down quite a bit and stuff like that has already been caused by central bank rates. And that's where I think they're disappointed because they went from zero to four and a half, you know, very quickly. And in every central bank, you know, textbook that they were reading, you know, we should have had a significant pullback in the economy by now, like it should have happened. So that's why they're sitting there. You know, you guys don't remember, but they used to be a head of the Fed was this guy Ellen Greenspan. It was a long time ago. You