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Is the Fed Really Trying to Hit Inflation?
Last week investors, hedge funds, large endowments starting to get a different message from the Fed about how diligent they were going to be about hitting inflation. And so if they don't, if they can just talk tough, Justin, instead of having to act tough, I think that'll be better for the market and that the consumer won't lose focus. But if they're hitting it hard, like for instance, if we went back to 50 basis point moves without a corresponding just spike in inflation that they have to hit, then I think that would scare consumers. Not two quarters, but for a while.