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If the president asked you to resign, would you do it?
No.
You know, you do have this difference between, on the one hand, strong data, and some tension between financial markets that are signalling concern and downside risks. I think the markets are pricing in downside risks, is what I think they're doing. And I think they're obviously well ahead of the data, particularly if you look at this morning's labour market data and the other data that I cited.
So markets are expressing concerns again about global growth, in particular. I think that's becoming the main focus... and trade negotiations, which are related to that. And I'll just say that we're listening carefully to that. We're listening with sensitivity to the message that markets are sending, and we're going to be taking those downside risks into account as we make policy going forward.
