. >> reporter: chris regge, associated press. you mentioned the bank presidents last week, how much they're going to listen to their contacts. have you gotten reports from the ground, from your business contacts, nonprofits and so forth, that have affected your decisionmaking? what are you hearing from those folks? >> thank you. so we're -- we are hearing -- i would just say the effects are at a very early stage. but you are hearing concerns from people, for example, in the travel business or the hotel business and things like that, that that's what you're hearing. but you don't see things showing up in actual data. you do see them showing up in sort of sentiment forecast indicators and things like that. we expect that will continue. it will probably grow. and that's one of the reasons why we've come to the view that it would be appropriate for us today to move to support the economy. that's what we've done. thanks very much. >>> the fed made a pretty dramatic decision before their next regularly scheduled meeting to pursue and m