- Expect inflation to end next year closer to 3% than 2%
- Have to be prepared for inflation to be more persistent than we expect
- I see more rate increases as necessary
- I see us raising rates, hlding them there until we get inflation close to 2%
- Still seeing about 50% of inflation coming from demand
It's hard to take any of these forecasts at face value given the Fed's track record, especially since the pandemic.
