The Fed Statement of Staying High at the Terminal Rate, Is It 50 More?

Powell acknowledges this inflation. It's a terrific summary for non-sophisticates about what they're watching here with Titanic market moves. And Lisa, the Bloomberg television banner, I didn't write this one. This is a brilliant banner and it really says all here. Jeff: If markets aren't listening to what Jay Powell wants, which is tighter financial conditions in order to get down to that 2% goal sooner, does this basically force the Fed's hand to go further than might be feasible?