The outlook for the economy is extraordinarily uncertain and will depend in large part on the course of the virus.

Ah, full economic recovery is unlikely until people are confident that it is safe to engage, re engage in a broad range of activities with regard to interest rates, we continue to expect it will be appropriate to maintain the current 0 to 1 quarter percent target range for the federal funds rate.

Until labor market conditions have reached levels consistent with the committee's assessment of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.

The fiscal policy actions that have been taken thus far have made a critical difference to families, businesses and communities across the country.

Even so, the current economic downturn is the most severe of our lifetimes.

It will take a while to get back to the levels of economic activity and employment that prevailed at the beginning of this year, and it may take continued support from both monetary and fiscal policy.

To achieve that, we're committed to using our full range of tools to support the economy and to help assure that the recovery from this difficult period will be as robust as possible.

Our guidance for both interest rates and asset purchases will keep monetary policy accommodative until our maximum employment and price stability goals are achieved.

And that's a That's a powerful message.

Um, so a substantial further progress means what it says.

It means we'll be looking for employment to be substantially closer to assessments of its maximum level and inflation to be substantial, substantially closer to our 2% longer run goal before we start making adjustments to our purchases.

My expectation.

And I think many people have the expectation that the second half of next year, should the economy should be performing strongly.

We should be, uh, you know, we should be getting people back to work.

We should.

Businesses should be reopening in that kind of thing.

Theis, you ISMM or the next four or five months getting through the next 456 months.

That is key and and you know, clearly there's gonna be need for help there.