- Fed wants to see tighter conditions, though not all at once
- I'd rather be more deliberative and intentional than hiking 75 bps
- Once at neutral, Fed in a 'good position' to evaluate economy
- We need to be resolute in bringing rates back to neutral
- Goal is to bring inflation under control but also sustain expansion and labor markets
Ther's been a small respite for risk trades on her comments, but you have to squint at the chart.
