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Is the Fed Really Going to Get It Down?
The markets do find the Fed credible. They believe the Fed is actually going to get it down. And in fact, I think there may be a little bit, their markets are a little bit concerned that they will get it, they will drop it below target. But at the same time, you know, we've been talking about a soft landing and as far as I'm aware, at least in American history, I don't know that there's ever actually been a soft landing.