But we aren't in charge of the policy lever.

We have pushed out the timing of the monetary policy easing to June and reduced the cumulative amount through 2006 to 75 basis points.

I just cannot see them pulling the lever for Rudy or for Pataki.

That was a powerful lever,

We're still looking for an easing later this year.

It was obviously a technical bounce after a very weak run, which was always the risk.