Rafael Bostic

I mean, I'm a regular guy, and I got like a dozen.

Yeah, I try to be Zen.

You got to push some things out.

And in 2020, a global pandemic wasn't on my list.

In 2021 and 2022, a war in Europe wasn't on my list.

I've been talking with my team a lot about how much you should wait, what historical economic model's

predict versus what we're hearing from people in the street.

And in environments where the unexpected and the unusual is happening, those models become less effective.

And so then it's much more art that you have to do, and it's much harder in that way.

I think you see that in terms of sort of how the committee has been over the last six to eight months in terms of dissents on both sides.

I think part of it is because there's so much uncertainty about what's actually going to happen

that people can have very different narratives about what they think is most likely.

I actually think that's a sign of a healthy committee.

I've been in a number of meetings where the data were pretty clear.

And so the idea that you'd have five different views was really unlikely.

And so in those situations, not having any dissents was fine because...

I thought that things were pretty obvious.

Today, very little is obvious.

And so the dissents, I think, are a byproduct of that as opposed to a sign of dysfunction.

So that's your revenge?