- Should see a moderation in shelter inflation in spring of this year
- Risks now more two-sided
- I'm reasonable optimistic there is a path to reducing inflation without a significant downturn
- Bringing labor market into better balance is 'critical' to achieving inflation target, still a long way to go
- Policy rate needs to rise to likely just above 5%, then we need to hold rates for some time
The names change but the comments are the same. Every Fed officials is singing from the same choirbook.
