The Fed's Track Record of Hitting a Soft Landing

The Fed is trying to engineer short term monetary headwinds to counteract a structural tailwind to inflation. The cohort of age 30 to 39 is at a bulge right now and that's like primary household formation, home buying cohort,. which is kept shelter inflation high kept demand. For housing high you're seeing it manifest itself in the home builder stocks. And then the other part the labor component.