- If you look at the data over the last quarter, data on jobs, inflation and activity is all strong
- Policy hasn't been restrictive for very long
- As you get closer and close to the goal, the risks become more in balance
- We have not made a decision to hike at every other meeting. I would not take moving at consecutive meetings off the table
- New rents are happening at n
- We haven't seen much progress in non-housing services. Notes hotels, travel services, healthcare as places not seeing a lot of progress
- Labour costs are high in non-housing services. Cites that as a causing inflationary pressures
- We need to see more softening in the labour market
- The services sector isn't particularly interest-rate sensitive
More to come
