Is the Fed Going to Have to Reassess?

In general, if nominal g d p growth is really strong, then you probably want to raise rates. But as you get closer to inverting a yield curve, you would want to not do that. I don't think you want to keep razing rates beyond the point where you've inverted the curve. And that's right now, not a sufficient rate to accomplish what you want with inflation. There's quite a bit of noise about why Fort should be raise ty not whatever.