What Are the Risks of Vaccines?

We have to think about, youknow, the sequential momentum. Risks that if wage growth continued at the pace that we've seen over the last quarter or so, on a sequential basis, five to six%. That probably would necessitate a more aggressive response from the fed in terms of tightening monitary palisy. Our best guess remains that much of the inflation acceleration will turn out to be transitory,. and relatively gradual monetary policy normalization will be sufficient to address it.