we are joined now by kiran ganesh.ou've already watched of interview earlier when he was talking with his guests about bullard's bullishness. i will put that question to you as well. do we listen to bullard, his hockessin if -- hawkish and us? kiran: the fed is clearly a committee. you will have some people be more hawkish, some people at the dovish end. if you look both sides of that, we can see that there's a healthy term for september. others looking for q1 2022. where the consensus is likely to come out is somewhere around november, december. the jackson hole meeting is august, the pregame. then you have the season starting in november or december. we think that's probably the valid one. the important thing to stress that we've heard from those minutes is that just because the season starts in november or december, it doesn't mean you need to keep playing. you can take a timeout at any time. they stress that things like the delta variant, sensitivity to jobs data. they were keen to stress that just because papering