The Fed's Focus on Inflation

Inflation is like yesterday's story, even though everybody's still paying attention to yesterday's story. Inflation being transitory was basically 2021, 2022. We were focused on recessed risk rising in the disinflationary environment that you could see in inflation. That also drives a key reason why Christian Drake, for instance, wrote about and it's been commented on top three things this week. Why we are in the camp that risks are higher for longer.