pimco cio and founder bill grossches we went into this meeting and decision thinking this was going to have a lot of significance and weight, perhaps the most weighty meeting in quite some time. do you think we got what we expected or was it a surprise to you, bill? >> no. i think it was what we expected, mandy. we'll learn for ten minutes, of course, but the tapering fear was always a result of ben bernanke's language in the last press conference where he, you know, spoke to the next few meetings perhaps if there was a substantial improvement in the labor market. ten minutes ago steve talked about what that level might be. is it 7.25%, which is the forecast of the fed, you know, at year end? you know, perhaps it is, but, you know, i think what the headline should be at this, you know, particular announcement is that tapering has been deferred. certainly, you know, it's not the next few meetings. we're already one meeting into that, you know, type of playing out so, you know, perhaps by the end of the year, but certainly not in the next few meetings in mid-summer. >> was that the right