Is the Fed Going to Follow the Bond Market?

The Fed is trying to keep the discussion of exactly how negative real rates are, you know, to a minimum level. The reality is inflations pie running eight to ten%, maybe it's running higher at the momentte they're sort of trying to keep that under wraps. This is the first time since world war two, certainly, let's, let's go back there. So 70 years, it's the first timesince, ah, the end of world war two. Us Cannot afford rates to rise. And i think that's the prescription. I think we are much closer to that aha moment than we were six months ago.