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Bloomberg.com, and of course Central Bank watching as well.

You mentioned earlier this morning Dr Hooper, the dots.

You and I would not have talked about the dots X number of years ago. Arthur Burns didn't have dots. Chairman

Greenspan didn't have dots. Chair Yellen has dots. Do you assume that any central bank by definition reacts after the fact that there can be dots dots dots dots?

None of it matters because they have to wait and be what the Latins call ex post.

Well, the dots, this is in a long train of increasing transparency,

the Fed, letting it, letting the market know it letting the market know letting the public know what their

expectations are where they expect to be so it's an exercise I get but do they

have to wait and be exposed as Mr. Timberlake of Georgia and frankly as Anna

Schwartz and others have written about it. It melts her they have to react after the fact, right?

Well they react to incoming data, no question, but at any point in time they have

...