The Inflation Ball Is Coming Into the Board Room

M c says inflation is well above the two % target, but this is due to a supply shock. So i think the answer is go slow, continue at a 25 basis point on a pace for the next maybe two or three maybe four meetings,. perhaps take a pause and see what happens. A signal clearly that you've got your eye on the inflation ball, but also say clearly that you have to be nimble as chairman powell said.