bob, might overreact to the tapers. >> every you have one ofs have become fed head watchers, and they seemed to be quite happy to move the markets. i was intrigued by mr. dudley saying that the current plans was stale, and needs revision. what do you think he was meaning by that? >> i think they need to go back, bob, and need to rethink this very important issue that he brought up. he talked about this terminal rate market. at the current time when the fed may nod deem that the economy wants that specific rail. is not there's a whiff, the marting will tighten to the end point. what is stale here, i think dudley is saying, the community indication, the fed does need to think about how he's going to do that, but don't mistake that discussion for a preamble or some kind of prestaging, the idea that the fed will tighten. >> we're at the heights of the day. he came out and said that they should the recovery has been slower. you'll see the bond mark also rallied. >> and you saw it move down. it was at 1.96. >> the dollar dropped as well. >> sue, just one comment, which is you could say dudley did not use this opportunity to warn markets of an imminent scaling back.