Rob Armstrong

The letter looks really different.

And as, you know, real finance devotees know about every other meeting when the statement comes out,

the committee also releases a set of economic projections where they say, here's what we think rates need to be.

Here's where we think unemployment is going.

Here's how, you know, et cetera, et cetera.

And the most famous part of this statement is the so-called dot plot where each voting member of the monetary policy, no, all members, I'm sorry, of the monetary policy committee,

Put these little dots on a kind of calendar of the next couple of years showing where they think appropriate monetary policy will be this year, next year, the year after that, and so on down the road.

And it was speculated.

is Wursh going to put a dot?

And indeed, he did not.

We were one.

We lost a dot.

And that's Wursh kind of leading by example in his campaign of making everyone shut up.

I'm not going to try to predict the future out loud.

I don't think that does the world any good.

And so that was the second shocker, even before the press conference began.

you know, 18 dots instead of 19.

That's it.

No, he confessed that he was the dot burglar in this case.

And when the press conference started, this continued.