- We have to get inflation back to 2%, period
- We must get milder monthly inflation numbers going forward
- Talk of raising the inflation target is dangerous
- I think we are mildly restrictive
- Neutral is 100-150 basis points lower
- Before we got some of these shocks, I think we were on the path to lower inflation
- I'm ok with moving to a better spot, eventually rates can move down a lot
- With inflation over target for 4.5 years, we need to be careful with getting aggressive
- Labor supply is shifting due to immigration
He's been on the more-hawkish end of things lately but sounds like he's happy to let the market price in 25 bps at every meeting for awhile.
