The Fed's Thinking About Keeping Rates High

It could be, but Fed funds futures are only one small part of the market. Inflation is going to fall off. So then it just becomes a question of does the Fed keep rates high because it wants to make sure it's going to get to 2%. And they don't think that will happen until 2025. Or do they respond to falling inflation by saying, we need to cut rates a little bit? It's kind of an open question at this point.