i'll simply quote paul voelker who said in the late 1970s, central bankers willing to tolerate a little more inflation usually end up getting a whole lot more than they expected. my concern is that this appears less to be an inflation targeting statement than an inflation equivocation statement because we're now targeting deviations. and that's the concern. when this statement was released, we saw a build-up of commodity prices, even though i think you said fairly recently that demand is down. therefore, commodity prices should be low. so my basic question is, if this is our interpretation and we have a spike in commodity prices that occurred after the statement released, is that not the market's interpretation of this statement? >> mr. chairman, first of all, as we say, the two sides of are generally complimentary. we agree that low inflation, low stable inflation is good for the economy and good for growth, good for employment. we think most of the time that there's a complimentary relationship between those two. our actual -- the actual