 So I'm going to take that as a great opportunity to talk a little bit about the economy and then talk about where that leaves us with policy. So I would just start by saying that the US economy has performed really remarkably well over the last couple of years. 2023, last year, was the year in which the economy grew well above 3%. The labor market remained very strong. Unemployment remained very low. And inflation came down at quite a sharp pace, particularly in the second half of the year.