WEBVTT #Elemental Media Engine(TM) 2.17.1.0 00:00:00.367 --> 00:00:00.734 DECISION 00:00:00.734 --> 00:00:01.067 DECISION ABOUT 00:00:01.067 --> 00:00:01.201 DECISION ABOUT YOU 00:00:01.201 --> 00:00:01.368 DECISION ABOUT YOU WE 00:00:01.368 --> 00:00:01.534 DECISION ABOUT YOU WE HAVE 00:00:01.534 --> 00:00:01.868 DECISION ABOUT YOU WE HAVE ABOUT 00:00:01.868 --> 00:00:02.002 DECISION ABOUT YOU WE HAVE ABOUT NINE 00:00:02.002 --> 00:00:02.068 DECISION ABOUT YOU WE HAVE ABOUT NINE SECONDS 00:00:02.068 --> 00:00:02.235 DECISION ABOUT YOU WE HAVE ABOUT NINE SECONDS LEFT 00:00:02.235 --> 00:00:02.402 WE HAVE ABOUT NINE SECONDS LEFT 00:00:02.402 --> 00:00:02.602 WE HAVE ABOUT NINE SECONDS LEFT BEFORE 00:00:02.602 --> 00:00:02.769 WE HAVE ABOUT NINE SECONDS LEFT BEFORE WE 00:00:02.769 --> 00:00:03.403 WE HAVE ABOUT NINE SECONDS LEFT BEFORE WE GO 00:00:03.403 --> 00:00:03.503 WE HAVE ABOUT NINE SECONDS LEFT BEFORE WE GO TO 00:00:03.503 --> 00:00:03.937 WE HAVE ABOUT NINE SECONDS LEFT BEFORE WE GO TO STEVE 00:00:03.937 --> 00:00:03.970 WE HAVE ABOUT NINE SECONDS LEFT BEFORE WE GO TO STEVE LIESMAN. 00:00:03.970 --> 00:00:04.070 BEFORE WE GO TO STEVE LIESMAN. 00:00:04.070 --> 00:00:04.371 BEFORE WE GO TO STEVE LIESMAN. THE 00:00:04.371 --> 00:00:05.138 BEFORE WE GO TO STEVE LIESMAN. THE DOW 00:00:05.138 --> 00:00:05.205 BEFORE WE GO TO STEVE LIESMAN. THE DOW RIGHT 00:00:05.205 --> 00:00:05.438 BEFORE WE GO TO STEVE LIESMAN. THE DOW RIGHT NOW 00:00:05.438 --> 00:00:05.805 BEFORE WE GO TO STEVE LIESMAN. THE DOW RIGHT NOW DOWN 00:00:05.805 --> 00:00:05.839 BEFORE WE GO TO STEVE LIESMAN. THE DOW RIGHT NOW DOWN 300 00:00:05.839 --> 00:00:06.206 THE DOW RIGHT NOW DOWN 300 00:00:06.206 --> 00:00:06.239 THE DOW RIGHT NOW DOWN 300 POINTS 00:00:06.239 --> 00:00:06.373 POINTS 00:00:06.373 --> 00:00:06.439 POINTS LET'S 00:00:06.439 --> 00:00:06.473 POINTS LET'S GO 00:00:06.473 --> 00:00:06.573 POINTS LET'S GO TO 00:00:06.573 --> 00:00:06.673 POINTS LET'S GO TO STEVE 00:00:06.673 --> 00:00:06.740 POINTS LET'S GO TO STEVE WITH 00:00:06.740 --> 00:00:06.840 POINTS LET'S GO TO STEVE WITH THE 00:00:06.840 --> 00:00:06.873 POINTS LET'S GO TO STEVE WITH THE FED'S 00:00:06.873 --> 00:00:08.975 LET'S GO TO STEVE WITH THE FED'S 00:00:08.975 --> 00:00:09.009 LET'S GO TO STEVE WITH THE FED'S DECISION 00:00:09.009 --> 00:00:09.109 DECISION 00:00:09.109 --> 00:00:09.275 DECISION >> 00:00:09.275 --> 00:00:09.409 DECISION >> Reporter: 00:00:09.409 --> 00:00:09.909 DECISION >> Reporter: THE 00:00:09.909 --> 00:00:10.677 DECISION >> Reporter: THE FEDERAL 00:00:10.677 --> 00:00:10.710 DECISION >> Reporter: THE FEDERAL RESERVE 00:00:10.710 --> 00:00:10.877 >> Reporter: THE FEDERAL RESERVE 00:00:10.877 --> 00:00:10.977 >> Reporter: THE FEDERAL RESERVE RAISING 00:00:10.977 --> 00:00:11.344 >> Reporter: THE FEDERAL RESERVE RAISING BY 00:00:11.344 --> 00:00:11.478 >> Reporter: THE FEDERAL RESERVE RAISING BY 25 00:00:11.478 --> 00:00:11.845 >> Reporter: THE FEDERAL RESERVE RAISING BY 25 BASIS 00:00:11.845 --> 00:00:11.911 >> Reporter: THE FEDERAL RESERVE RAISING BY 25 BASIS POINTS 00:00:11.911 --> 00:00:12.278 >> Reporter: THE FEDERAL RESERVE RAISING BY 25 BASIS POINTS TO 00:00:12.278 --> 00:00:12.445 >> Reporter: THE FEDERAL RESERVE RAISING BY 25 BASIS POINTS TO A 00:00:12.445 --> 00:00:12.545 RAISING BY 25 BASIS POINTS TO A 00:00:12.545 --> 00:00:12.645 RAISING BY 25 BASIS POINTS TO A NEW 00:00:12.645 --> 00:00:12.712 RAISING BY 25 BASIS POINTS TO A NEW RANGE 00:00:12.712 --> 00:00:14.481 RAISING BY 25 BASIS POINTS TO A NEW RANGE OF 00:00:14.481 --> 00:00:15.749 RAISING BY 25 BASIS POINTS TO A NEW RANGE OF 4. 00:00:15.749 --> 00:00:16.016 RAISING BY 25 BASIS POINTS TO A NEW RANGE OF 4. TO 00:00:16.016 --> 00:00:16.916 RAISING BY 25 BASIS POINTS TO A NEW RANGE OF 4. TO 4.75, 00:00:16.916 --> 00:00:16.950 RAISING BY 25 BASIS POINTS TO A NEW RANGE OF 4. TO 4.75, THE 00:00:16.950 --> 00:00:17.117 NEW RANGE OF 4. TO 4.75, THE 00:00:17.117 --> 00:00:17.283 NEW RANGE OF 4. TO 4.75, THE EIGHTH 00:00:17.283 --> 00:00:17.484 NEW RANGE OF 4. TO 4.75, THE EIGHTH STRAIGHT 00:00:17.484 --> 00:00:17.617 NEW RANGE OF 4. TO 4.75, THE EIGHTH STRAIGHT HIKE 00:00:17.617 --> 00:00:17.984 NEW RANGE OF 4. TO 4.75, THE EIGHTH STRAIGHT HIKE SINCE 00:00:17.984 --> 00:00:18.018 NEW RANGE OF 4. TO 4.75, THE EIGHTH STRAIGHT HIKE SINCE MARCH 00:00:18.018 --> 00:00:18.118 EIGHTH STRAIGHT HIKE SINCE MARCH 00:00:18.118 --> 00:00:18.218 EIGHTH STRAIGHT HIKE SINCE MARCH UP 00:00:18.218 --> 00:00:18.752 EIGHTH STRAIGHT HIKE SINCE MARCH UP BY 00:00:18.752 --> 00:00:18.985 EIGHTH STRAIGHT HIKE SINCE MARCH UP BY A 00:00:18.985 --> 00:00:20.053 EIGHTH STRAIGHT HIKE SINCE MARCH UP BY A QUARTER 00:00:20.053 --> 00:00:21.788 EIGHTH STRAIGHT HIKE SINCE MARCH UP BY A QUARTER TO 00:00:21.788 --> 00:00:21.855 EIGHTH STRAIGHT HIKE SINCE MARCH UP BY A QUARTER TO 4.50 00:00:21.855 --> 00:00:22.255 EIGHTH STRAIGHT HIKE SINCE MARCH UP BY A QUARTER TO 4.50 TO 00:00:22.255 --> 00:00:22.288 EIGHTH STRAIGHT HIKE SINCE MARCH UP BY A QUARTER TO 4.50 TO 4.75. 00:00:22.288 --> 00:00:22.489 UP BY A QUARTER TO 4.50 TO 4.75. 00:00:22.489 --> 00:00:22.622 UP BY A QUARTER TO 4.50 TO 4.75. THE 00:00:22.622 --> 00:00:23.223 UP BY A QUARTER TO 4.50 TO 4.75. THE FEDERAL 00:00:23.223 --> 00:00:24.824 UP BY A QUARTER TO 4.50 TO 4.75. THE FEDERAL RESERVE 00:00:24.824 --> 00:00:25.392 UP BY A QUARTER TO 4.50 TO 4.75. THE FEDERAL RESERVE SEES 00:00:25.392 --> 00:00:25.425 UP BY A QUARTER TO 4.50 TO 4.75. THE FEDERAL RESERVE SEES ONGOING 00:00:25.425 --> 00:00:25.625 THE FEDERAL RESERVE SEES ONGOING 00:00:25.625 --> 00:00:27.494 THE FEDERAL RESERVE SEES ONGOING INCREASES 00:00:27.494 --> 00:00:27.827 THE FEDERAL RESERVE SEES ONGOING INCREASES AS 00:00:27.827 --> 00:00:27.861 THE FEDERAL RESERVE SEES ONGOING INCREASES AS APPROPRIATE 00:00:27.861 --> 00:00:28.495 INCREASES AS APPROPRIATE 00:00:28.495 --> 00:00:28.795 INCREASES AS APPROPRIATE THE 00:00:28.795 --> 00:00:28.928 INCREASES AS APPROPRIATE THE FED 00:00:28.928 --> 00:00:29.329 INCREASES AS APPROPRIATE THE FED IS 00:00:29.329 --> 00:00:29.362 INCREASES AS APPROPRIATE THE FED IS STILL 00:00:29.362 --> 00:00:29.496 INCREASES AS APPROPRIATE THE FED IS STILL EN 00:00:29.496 --> 00:00:29.996 INCREASES AS APPROPRIATE THE FED IS STILL EN ROUTE 00:00:29.996 --> 00:00:31.431 INCREASES AS APPROPRIATE THE FED IS STILL EN ROUTE TO 00:00:31.431 --> 00:00:31.464 INCREASES AS APPROPRIATE THE FED IS STILL EN ROUTE TO A 00:00:31.464 --> 00:00:31.598 THE FED IS STILL EN ROUTE TO A 00:00:31.598 --> 00:00:33.266 THE FED IS STILL EN ROUTE TO A LEVEL 00:00:33.266 --> 00:00:33.366 THE FED IS STILL EN ROUTE TO A LEVEL IT 00:00:33.366 --> 00:00:33.566 THE FED IS STILL EN ROUTE TO A LEVEL IT CALLS 00:00:33.566 --> 00:00:33.600 THE FED IS STILL EN ROUTE TO A LEVEL IT CALLS EFFICIENTLY 00:00:33.600 --> 00:00:33.833 LEVEL IT CALLS EFFICIENTLY 00:00:33.833 --> 00:00:33.933 LEVEL IT CALLS EFFICIENTLY RESTRICTIVE 00:00:33.933 --> 00:00:34.000 LEVEL IT CALLS EFFICIENTLY RESTRICTIVE LEVEL 00:00:34.000 --> 00:00:34.267 LEVEL IT CALLS EFFICIENTLY RESTRICTIVE LEVEL OF 00:00:34.267 --> 00:00:34.768 LEVEL IT CALLS EFFICIENTLY RESTRICTIVE LEVEL OF THE 00:00:34.768 --> 00:00:34.801 LEVEL IT CALLS EFFICIENTLY RESTRICTIVE LEVEL OF THE FUNDS 00:00:34.801 --> 00:00:35.135 RESTRICTIVE LEVEL OF THE FUNDS 00:00:35.135 --> 00:00:35.168 RESTRICTIVE LEVEL OF THE FUNDS RATE 00:00:35.168 --> 00:00:35.835 RATE 00:00:35.835 --> 00:00:36.169 RATE ONE 00:00:36.169 --> 00:00:36.369 RATE ONE DOVISH 00:00:36.369 --> 00:00:37.103 RATE ONE DOVISH COMMENTARY 00:00:37.103 --> 00:00:37.270 RATE ONE DOVISH COMMENTARY HERE, 00:00:37.270 --> 00:00:37.470 ONE DOVISH COMMENTARY HERE, 00:00:37.470 --> 00:00:37.904 ONE DOVISH COMMENTARY HERE, INFLATION 00:00:37.904 --> 00:00:38.071 ONE DOVISH COMMENTARY HERE, INFLATION HAS 00:00:38.071 --> 00:00:39.005 ONE DOVISH COMMENTARY HERE, INFLATION HAS EASED 00:00:39.005 --> 00:00:39.339 ONE DOVISH COMMENTARY HERE, INFLATION HAS EASED SOMEWHAT, 00:00:39.339 --> 00:00:39.372 ONE DOVISH COMMENTARY HERE, INFLATION HAS EASED SOMEWHAT, IT 00:00:39.372 --> 00:00:39.506 INFLATION HAS EASED SOMEWHAT, IT 00:00:39.506 --> 00:00:40.040 INFLATION HAS EASED SOMEWHAT, IT STILL 00:00:40.040 --> 00:00:40.573 INFLATION HAS EASED SOMEWHAT, IT STILL REMAINS 00:00:40.573 --> 00:00:40.607 INFLATION HAS EASED SOMEWHAT, IT STILL REMAINS ELEVATED 00:00:40.607 --> 00:00:40.707 STILL REMAINS ELEVATED 00:00:40.707 --> 00:00:40.840 STILL REMAINS ELEVATED THE 00:00:40.840 --> 00:00:41.307 STILL REMAINS ELEVATED THE FED 00:00:41.307 --> 00:00:41.541 STILL REMAINS ELEVATED THE FED IS 00:00:41.541 --> 00:00:41.641 STILL REMAINS ELEVATED THE FED IS SIGNALING 00:00:41.641 --> 00:00:42.175 STILL REMAINS ELEVATED THE FED IS SIGNALING A 00:00:42.175 --> 00:00:42.509 STILL REMAINS ELEVATED THE FED IS SIGNALING A NEW 00:00:42.509 --> 00:00:42.542 STILL REMAINS ELEVATED THE FED IS SIGNALING A NEW FOCUS 00:00:42.542 --> 00:00:42.642 THE FED IS SIGNALING A NEW FOCUS 00:00:42.642 --> 00:00:43.043 THE FED IS SIGNALING A NEW FOCUS OF 00:00:43.043 --> 00:00:43.276 THE FED IS SIGNALING A NEW FOCUS OF THE 00:00:43.276 --> 00:00:43.443 THE FED IS SIGNALING A NEW FOCUS OF THE EXTENT 00:00:43.443 --> 00:00:45.045 THE FED IS SIGNALING A NEW FOCUS OF THE EXTENT OF 00:00:45.045 --> 00:00:45.612 THE FED IS SIGNALING A NEW FOCUS OF THE EXTENT OF RATE 00:00:45.612 --> 00:00:45.645 THE FED IS SIGNALING A NEW FOCUS OF THE EXTENT OF RATE INCREASES. 00:00:45.645 --> 00:00:45.879 OF THE EXTENT OF RATE INCREASES. 00:00:45.879 --> 00:00:46.079 OF THE EXTENT OF RATE INCREASES. NOT 00:00:46.079 --> 00:00:46.279 OF THE EXTENT OF RATE INCREASES. NOT NECESSARILY 00:00:46.279 --> 00:00:47.180 OF THE EXTENT OF RATE INCREASES. NOT NECESSARILY THE 00:00:47.180 --> 00:00:47.213 OF THE EXTENT OF RATE INCREASES. NOT NECESSARILY THE PACE 00:00:47.213 --> 00:00:47.313 NOT NECESSARILY THE PACE 00:00:47.313 --> 00:00:47.447 NOT NECESSARILY THE PACE IT 00:00:47.447 --> 00:00:47.714 NOT NECESSARILY THE PACE IT SAYS 00:00:47.714 --> 00:00:47.881 NOT NECESSARILY THE PACE IT SAYS DETERMINING 00:00:47.881 --> 00:00:48.014 NOT NECESSARILY THE PACE IT SAYS DETERMINING WHAT 00:00:48.014 --> 00:00:48.314 NOT NECESSARILY THE PACE IT SAYS DETERMINING WHAT IT 00:00:48.314 --> 00:00:48.481 NOT NECESSARILY THE PACE IT SAYS DETERMINING WHAT IT NOW 00:00:48.481 --> 00:00:48.615 IT SAYS DETERMINING WHAT IT NOW 00:00:48.615 --> 00:00:48.648 IT SAYS DETERMINING WHAT IT NOW SAYS 00:00:48.648 --> 00:00:49.182 IT SAYS DETERMINING WHAT IT NOW SAYS IS 00:00:49.182 --> 00:00:49.416 IT SAYS DETERMINING WHAT IT NOW SAYS IS THE 00:00:49.416 --> 00:00:50.016 IT SAYS DETERMINING WHAT IT NOW SAYS IS THE EXTENT 00:00:50.016 --> 00:00:50.583 IT SAYS DETERMINING WHAT IT NOW SAYS IS THE EXTENT OF 00:00:50.583 --> 00:00:50.617 IT SAYS DETERMINING WHAT IT NOW SAYS IS THE EXTENT OF INCREASES, 00:00:50.617 --> 00:00:51.251 SAYS IS THE EXTENT OF INCREASES, 00:00:51.251 --> 00:00:51.484 SAYS IS THE EXTENT OF INCREASES, THAT 00:00:51.484 --> 00:00:51.618 SAYS IS THE EXTENT OF INCREASES, THAT WORD 00:00:51.618 --> 00:00:51.851 SAYS IS THE EXTENT OF INCREASES, THAT WORD HAD 00:00:51.851 --> 00:00:51.985 SAYS IS THE EXTENT OF INCREASES, THAT WORD HAD BEEN 00:00:51.985 --> 00:00:52.419 SAYS IS THE EXTENT OF INCREASES, THAT WORD HAD BEEN PACE 00:00:52.419 --> 00:00:52.685 THAT WORD HAD BEEN PACE 00:00:52.685 --> 00:00:52.719 THAT WORD HAD BEEN PACE PREVIOUSLY 00:00:52.719 --> 00:00:52.852 PREVIOUSLY 00:00:52.852 --> 00:00:52.919 PREVIOUSLY IT'S 00:00:52.919 --> 00:00:54.320 PREVIOUSLY IT'S NOT 00:00:54.320 --> 00:00:54.687 PREVIOUSLY IT'S NOT THINKING 00:00:54.687 --> 00:00:55.121 PREVIOUSLY IT'S NOT THINKING ABOUT 00:00:55.121 --> 00:00:55.488 PREVIOUSLY IT'S NOT THINKING ABOUT IT, 00:00:55.488 --> 00:00:55.522 PREVIOUSLY IT'S NOT THINKING ABOUT IT, IT'S 00:00:55.522 --> 00:00:55.622 IT'S NOT THINKING ABOUT IT, IT'S 00:00:55.622 --> 00:00:55.688 IT'S NOT THINKING ABOUT IT, IT'S HOW 00:00:55.688 --> 00:00:58.458 IT'S NOT THINKING ABOUT IT, IT'S HOW FAR 00:00:58.458 --> 00:00:58.591 IT'S NOT THINKING ABOUT IT, IT'S HOW FAR IT 00:00:58.591 --> 00:00:58.658 IT'S NOT THINKING ABOUT IT, IT'S HOW FAR IT GOES 00:00:58.658 --> 00:00:58.725 IT'S NOT THINKING ABOUT IT, IT'S HOW FAR IT GOES AT 00:00:58.725 --> 00:01:01.061 IT'S NOT THINKING ABOUT IT, IT'S HOW FAR IT GOES AT THIS 00:01:01.061 --> 00:01:01.094 IT'S NOT THINKING ABOUT IT, IT'S HOW FAR IT GOES AT THIS POINT. 00:01:01.094 --> 00:01:01.194 HOW FAR IT GOES AT THIS POINT. 00:01:01.194 --> 00:01:01.528 HOW FAR IT GOES AT THIS POINT. JOB 00:01:01.528 --> 00:01:01.628 HOW FAR IT GOES AT THIS POINT. JOB RATES 00:01:01.628 --> 00:01:01.995 HOW FAR IT GOES AT THIS POINT. JOB RATES HAVE 00:01:01.995 --> 00:01:02.695 HOW FAR IT GOES AT THIS POINT. JOB RATES HAVE BEEN 00:01:02.695 --> 00:01:02.729 HOW FAR IT GOES AT THIS POINT. JOB RATES HAVE BEEN ROBUST 00:01:02.729 --> 00:01:02.829 JOB RATES HAVE BEEN ROBUST 00:01:02.829 --> 00:01:03.196 JOB RATES HAVE BEEN ROBUST THE 00:01:03.196 --> 00:01:03.997 JOB RATES HAVE BEEN ROBUST THE UNEMPLOYMENT 00:01:03.997 --> 00:01:04.464 JOB RATES HAVE BEEN ROBUST THE UNEMPLOYMENT RATE 00:01:04.464 --> 00:01:04.731 JOB RATES HAVE BEEN ROBUST THE UNEMPLOYMENT RATE IS 00:01:04.731 --> 00:01:04.764 JOB RATES HAVE BEEN ROBUST THE UNEMPLOYMENT RATE IS LOW 00:01:04.764 --> 00:01:04.931 THE UNEMPLOYMENT RATE IS LOW 00:01:04.931 --> 00:01:05.932 THE UNEMPLOYMENT RATE IS LOW ALL 00:01:05.932 --> 00:01:06.332 THE UNEMPLOYMENT RATE IS LOW ALL LANGUAGE 00:01:06.332 --> 00:01:06.499 THE UNEMPLOYMENT RATE IS LOW ALL LANGUAGE FROM 00:01:06.499 --> 00:01:06.933 THE UNEMPLOYMENT RATE IS LOW ALL LANGUAGE FROM THE 00:01:06.933 --> 00:01:07.300 THE UNEMPLOYMENT RATE IS LOW ALL LANGUAGE FROM THE PRIOR 00:01:07.300 --> 00:01:07.634 ALL LANGUAGE FROM THE PRIOR 00:01:07.634 --> 00:01:07.967 ALL LANGUAGE FROM THE PRIOR STATEMENT, 00:01:07.967 --> 00:01:08.468 ALL LANGUAGE FROM THE PRIOR STATEMENT, THE 00:01:08.468 --> 00:01:08.802 ALL LANGUAGE FROM THE PRIOR STATEMENT, THE FOUR 00:01:08.802 --> 00:01:09.436 ALL LANGUAGE FROM THE PRIOR STATEMENT, THE FOUR NEW 00:01:09.436 --> 00:01:09.469 ALL LANGUAGE FROM THE PRIOR STATEMENT, THE FOUR NEW VOTERS 00:01:09.469 --> 00:01:09.669 STATEMENT, THE FOUR NEW VOTERS 00:01:09.669 --> 00:01:09.736 STATEMENT, THE FOUR NEW VOTERS REPLACING 00:01:09.736 --> 00:01:09.836 STATEMENT, THE FOUR NEW VOTERS REPLACING THE 00:01:09.836 --> 00:01:10.303 STATEMENT, THE FOUR NEW VOTERS REPLACING THE PRIOR 00:01:10.303 --> 00:01:10.804 STATEMENT, THE FOUR NEW VOTERS REPLACING THE PRIOR FOUR 00:01:10.804 --> 00:01:10.837 STATEMENT, THE FOUR NEW VOTERS REPLACING THE PRIOR FOUR OUT 00:01:10.837 --> 00:01:12.972 REPLACING THE PRIOR FOUR OUT 00:01:12.972 --> 00:01:13.006 REPLACING THE PRIOR FOUR OUT THERE. 00:01:13.006 --> 00:01:13.173 THERE. 00:01:13.173 --> 00:01:13.239 THERE. KELLY, 00:01:13.239 --> 00:01:13.306 THERE. KELLY, BACK 00:01:13.306 --> 00:01:13.373 THERE. KELLY, BACK TO 00:01:13.373 --> 00:01:13.406 THERE. KELLY, BACK TO YOU 00:01:13.406 --> 00:01:13.506 KELLY, BACK TO YOU 00:01:13.506 --> 00:01:13.640 KELLY, BACK TO YOU UP 00:01:13.640 --> 00:01:14.107 KELLY, BACK TO YOU UP A 00:01:14.107 --> 00:01:14.140 KELLY, BACK TO YOU UP A QUARTER 00:01:14.140 --> 00:01:14.274 UP A QUARTER 00:01:14.274 --> 00:01:14.441 UP A QUARTER STILL 00:01:14.441 --> 00:01:14.874 UP A QUARTER STILL THINKING 00:01:14.874 --> 00:01:15.708 UP A QUARTER STILL THINKING ABOUT 00:01:15.708 --> 00:01:15.742 UP A QUARTER STILL THINKING ABOUT ONGOING 00:01:15.742 --> 00:01:18.344 STILL THINKING ABOUT ONGOING 00:01:18.344 --> 00:01:18.478 STILL THINKING ABOUT ONGOING INCREASES, 00:01:18.478 --> 00:01:18.511 STILL THINKING ABOUT ONGOING INCREASES, HEADING 00:01:18.511 --> 00:01:19.779 STILL THINKING ABOUT ONGOING INCREASES, HEADING TO 00:01:19.779 --> 00:01:19.879 STILL THINKING ABOUT ONGOING INCREASES, HEADING TO A 00:01:19.879 --> 00:01:19.979 STILL THINKING ABOUT ONGOING INCREASES, HEADING TO A SUFL 00:01:19.979 --> 00:01:20.213 STILL THINKING ABOUT ONGOING INCREASES, HEADING TO A SUFL R 00:01:20.213 --> 00:01:20.246 STILL THINKING ABOUT ONGOING INCREASES, HEADING TO A SUF 00:01:20.246 --> 00:01:20.580 INCREASES, HEADING TO A SUF 00:01:20.580 --> 00:01:21.181 INCREASES, HEADING TO A SUF SUFFICIENTLY 00:01:21.181 --> 00:01:21.548 INCREASES, HEADING TO A SUF SUFFICIENTLY RESTRICTIVE 00:01:21.548 --> 00:01:21.581 INCREASES, HEADING TO A SUF SUFFICIENTLY RESTRICTIVE LEVEL 00:01:21.581 --> 00:01:21.681 SUFFICIENTLY RESTRICTIVE LEVEL 00:01:21.681 --> 00:01:21.748 SUFFICIENTLY RESTRICTIVE LEVEL >> 00:01:21.748 --> 00:01:21.848 SUFFICIENTLY RESTRICTIVE LEVEL >> THAT 00:01:21.848 --> 00:01:21.981 SUFFICIENTLY RESTRICTIVE LEVEL >> THAT WAS 00:01:21.981 --> 00:01:23.016 SUFFICIENTLY RESTRICTIVE LEVEL >> THAT WAS THE 00:01:23.016 --> 00:01:23.216 SUFFICIENTLY RESTRICTIVE LEVEL >> THAT WAS THE WORD, 00:01:23.216 --> 00:01:23.716 SUFFICIENTLY RESTRICTIVE LEVEL >> THAT WAS THE WORD, ON 00:01:23.716 --> 00:01:23.750 SUFFICIENTLY RESTRICTIVE LEVEL >> THAT WAS THE WORD, ON GOING 00:01:23.750 --> 00:01:23.850 >> THAT WAS THE WORD, ON GOING 00:01:23.850 --> 00:01:24.017 >> THAT WAS THE WORD, ON GOING >> 00:01:24.017 --> 00:01:24.117 >> THAT WAS THE WORD, ON GOING >> Reporter: 00:01:24.117 --> 00:01:24.184 >> THAT WAS THE WORD, ON GOING >> Reporter: MEANS 00:01:24.184 --> 00:01:24.350 >> THAT WAS THE WORD, ON GOING >> Reporter: MEANS THEY 00:01:24.350 --> 00:01:24.384 >> THAT WAS THE WORD, ON GOING >> Reporter: MEANS THEY HAVE 00:01:24.384 --> 00:01:24.517 >> Reporter: MEANS THEY HAVE 00:01:24.517 --> 00:01:24.551 >> Reporter: MEANS THEY HAVE MORE 00:01:24.551 --> 00:01:25.018 >> Reporter: MEANS THEY HAVE MORE TO 00:01:25.018 --> 00:01:25.051 >> Reporter: MEANS THEY HAVE MORE TO GO 00:01:25.051 --> 00:01:25.118 MORE TO GO 00:01:25.118 --> 00:01:25.285 MORE TO GO I 00:01:25.285 --> 00:01:26.119 MORE TO GO I GUESS 00:01:26.119 --> 00:01:26.352 MORE TO GO I GUESS THAT'S 00:01:26.352 --> 00:01:26.920 MORE TO GO I GUESS THAT'S PRETTY 00:01:26.920 --> 00:01:26.953 MORE TO GO I GUESS THAT'S PRETTY CLEAR. 00:01:26.953 --> 00:01:27.053 I GUESS THAT'S PRETTY CLEAR. 00:01:27.053 --> 00:01:27.187 I GUESS THAT'S PRETTY CLEAR. AND 00:01:27.187 --> 00:01:27.887 I GUESS THAT'S PRETTY CLEAR. AND THEY'RE 00:01:27.887 --> 00:01:28.221 I GUESS THAT'S PRETTY CLEAR. AND THEY'RE NOT 00:01:28.221 --> 00:01:28.488 I GUESS THAT'S PRETTY CLEAR. AND THEY'RE NOT BACKING 00:01:28.488 --> 00:01:30.457 I GUESS THAT'S PRETTY CLEAR. AND THEY'RE NOT BACKING OFF 00:01:30.457 --> 00:01:30.490 I GUESS THAT'S PRETTY CLEAR. AND THEY'RE NOT BACKING OFF THIS 00:01:30.490 --> 00:01:30.623 AND THEY'RE NOT BACKING OFF THIS 00:01:30.623 --> 00:01:30.657 AND THEY'RE NOT BACKING OFF THIS IDEA 00:01:30.657 --> 00:01:30.757 AND THEY'RE NOT BACKING OFF THIS IDEA OF 00:01:30.757 --> 00:01:30.824 AND THEY'RE NOT BACKING OFF THIS IDEA OF GOING 00:01:30.824 --> 00:01:31.124 AND THEY'RE NOT BACKING OFF THIS IDEA OF GOING TO 00:01:31.124 --> 00:01:32.592 AND THEY'RE NOT BACKING OFF THIS IDEA OF GOING TO A 00:01:32.592 --> 00:01:32.759 AND THEY'RE NOT BACKING OFF THIS IDEA OF GOING TO A SUFFICIENTLY 00:01:32.759 --> 00:01:32.992 IDEA OF GOING TO A SUFFICIENTLY 00:01:32.992 --> 00:01:33.526 IDEA OF GOING TO A SUFFICIENTLY RESTRICTIVE 00:01:33.526 --> 00:01:33.560 IDEA OF GOING TO A SUFFICIENTLY RESTRICTIVE LEVEL. 00:01:33.560 --> 00:01:33.693 RESTRICTIVE LEVEL. 00:01:33.693 --> 00:01:33.793 RESTRICTIVE LEVEL. THEY 00:01:33.793 --> 00:01:33.993 RESTRICTIVE LEVEL. THEY DON'T 00:01:33.993 --> 00:01:34.160 RESTRICTIVE LEVEL. THEY DON'T FEEL 00:01:34.160 --> 00:01:34.260 RESTRICTIVE LEVEL. THEY DON'T FEEL THEY'RE 00:01:34.260 --> 00:01:34.594 RESTRICTIVE LEVEL. THEY DON'T FEEL THEY'RE THERE 00:01:34.594 --> 00:01:34.761 THEY DON'T FEEL THEY'RE THERE 00:01:34.761 --> 00:01:34.794 THEY DON'T FEEL THEY'RE THERE YET. 00:01:34.794 --> 00:01:35.028 YET. 00:01:35.028 --> 00:01:35.195 YET. >> 00:01:35.195 --> 00:01:35.295 YET. >> STEVE, 00:01:35.295 --> 00:01:35.728 YET. >> STEVE, THANK 00:01:35.728 --> 00:01:35.762 YET. >> STEVE, THANK YOU. 00:01:35.762 --> 00:01:36.162 >> STEVE, THANK YOU. 00:01:36.162 --> 00:01:36.262 >> STEVE, THANK YOU. WE'LL 00:01:36.262 --> 00:01:36.329 >> STEVE, THANK YOU. WE'LL COME 00:01:36.329 --> 00:01:36.396 >> STEVE, THANK YOU. WE'LL COME BACK 00:01:36.396 --> 00:01:36.529 >> STEVE, THANK YOU. WE'LL COME BACK TO 00:01:36.529 --> 00:01:36.696 >> STEVE, THANK YOU. WE'LL COME BACK TO YOU 00:01:36.696 --> 00:01:36.963 >> STEVE, THANK YOU. WE'LL COME BACK TO YOU IN 00:01:36.963 --> 00:01:37.397 >> STEVE, THANK YOU. WE'LL COME BACK TO YOU IN JUST 00:01:37.397 --> 00:01:37.430 >> STEVE, THANK YOU. WE'LL COME BACK TO YOU IN JUST A 00:01:37.430 --> 00:01:37.597 WE'LL COME BACK TO YOU IN JUST A 00:01:37.597 --> 00:01:37.630 WE'LL COME BACK TO YOU IN JUST A MOMENT 00:01:37.630 --> 00:01:37.797 MOMENT 00:01:37.797 --> 00:01:37.864 MOMENT MARKETS 00:01:37.864 --> 00:01:38.731 MOMENT MARKETS ARE 00:01:38.731 --> 00:01:38.898 MOMENT MARKETS ARE REACTING 00:01:38.898 --> 00:01:39.265 MOMENT MARKETS ARE REACTING ABOUT 00:01:39.265 --> 00:01:39.432 MOMENT MARKETS ARE REACTING ABOUT AS 00:01:39.432 --> 00:01:39.599 MARKETS ARE REACTING ABOUT AS 00:01:39.599 --> 00:01:39.632 MARKETS ARE REACTING ABOUT AS POORLY 00:01:39.632 --> 00:01:40.200 MARKETS ARE REACTING ABOUT AS POORLY AS 00:01:40.200 --> 00:01:40.767 MARKETS ARE REACTING ABOUT AS POORLY AS YOU 00:01:40.767 --> 00:01:40.900 MARKETS ARE REACTING ABOUT AS POORLY AS YOU MIGHT