Do Inflation Expectations Matter?

I'm not sure you want to start setting expectations about the path of rathic on the basis of what you're doing with ta balance sheet. The fed has to be really careful about how they approach that, that particular question. I think that's your something that's just too unknown for the fet to really commit toi a go back to inflation for a little bit. Do inflation expectations matter? And further to that, should we be differentiating between consumer versus corporate inflation expectations?