But can you tell us why the Fed and their decisions matter and what women need to pay attention to about their decisions? I just want to underline

the power of the Federal Reserve, right? It's the monetary policy and the fiscal policy.

The monetary policy is controlled by the Federal Reserve.

Here's why the Federal Reserve matters.

So the mandate of the Federal Reserve is twofold.

One, to control inflation.

And to be very specific, the Federal Reserve has a 2% mandate for inflation.

No longer was

How concerned should investors be about this latest risk and oil spike, although oil has come down a bit this morning, the ripple effects for markets?

Thanks for having me, Diane.

So there are three big teams that, for 2026, we've been seeing in the credit market, and the latest is Operation Epic Fury.

That is, as you pointed out, directly linked to commodity oil prices.

Oil price as of this morning, around 80, $81.

That has been, what, 15, 20% higher than in the last four years.

So the credit market is watching that closely because that really ties in to the Fed's second mandate that we have not talked about in a while, inflation.

What does that say about the state of the job market and how the Fed may think about it?