- We want to see the economy slow
- Consumers are preparing for a slower economy, that's a good start
- Want to get back to a sustainable pace of growth
- Pausing is off the table right now, discussion is on the pace
- We're focusing on the terminal rate
- A high of 4.75-5.25% is reasonable
- After determining the high, we'll have to determine how long to hold
- Very focused on economic data
- Global conditions are a headwind for US growth
- Business leaders are still concerned about inflation
- We're tightening into a strong economy
She argued that people tend to view recessions through the lens of the most-recent event. Because the 2008 recession was so harsh, it has people trembling in fear. She argues that it won't be that kind of event and that's a line of thinking that I agree with.