- If clarity arrives that inflation is waning, then rates can come down
- IS uncomfortable front-loading rate cuts
- Needs to see more sustained progress on cooling inflation
- Measure of job market have shown pretty steady cooling
- Rates can go down a fair bit as long as we know we're heading back to 2% inflation
It doesn't sound like he's opposed to another cut in January if the data cooperates. The pricing is still at 25% for a Jan cut.
He said previously that his dot plot was below the median.
