Do You Think the Fed Clearly Has a Credibility Problem?

I think the commitment to ultimately getting back down to two % is unconditional, but they will be in ofactors other than the current inflation prints that willdrive what they do on a meeting by meeting basis. If the economy weakens and labor demand declines, maybe the unemployment rate starts edging up, then you're also just going to become less concerned about inflations. I would also say, in our look at inflation break events, i mean the credibility from the bond markets perspective, or from the perspective of forecasters of the t at inflation targeti still seem seems intact yohn.