Given the narrative, of course, you're right. There's every good reason for people to be concerned and our job is to do everything we can so that they needn't be.
I'm going to ask Ms. Wilkins to walk you through our economic scenarios in just a moment. Let me just say that the comparisons that people are making to past episodes are actually in most cases quite unhelpful. This is a very unusual thing. It's closest, I think, to a natural disaster. What we are doing with our policies is finding various ways essentially to stop the clock so that we can wait out the pandemic and then restart the clock. In the interim, especially fiscal actions put a floor underneath people so that they're supported through that period and they have a bridge to normalcy, and that forms the platform for the recovery afterwards.
People should be reassured that we're using all the tools in our tool kit in order to provide this transition.
Carolyn, would you talk briefly about the scenario—we don't have a forecast—to explain how it comes together dynamically.