- Rate hikes and projected rate hikes will bring inflation down
- Additional rate hikes are the right thing to do but how high we go will depend on data
- We don't have a preset course
- We are starting to see the benefits of rate hikes, with the housing market cooling
You can start to see the genesis of a pause here late this year or in Q1 but, like she said, it will depend on data. Today's PCE data wasn't encouraging.
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The economy is not teetering on recession, it needs to slow
