The Fed's Inflation Mandate

I think that now is a good time to be accumulating a position, I think the downside is very limited. The last CPI reading was four, but if you look at some of the private real-time measures, we're into the tubes. My guess is you could get inflation down to 2%. And if unemployment is still 3.7, they're still going to be raising rates. It's just as nuts as the negative real rates that we had throughout the 2010s.