The Fed's New Paradigm Shift

The Fed has this new framework, right? They're not going to tighten until they see inflation sustainably above 2%. And I think a core layer to that is that when they do tighten, they're going to have to tighten more quickly. So it's possible that this is what the new framework would suggest. Just, you know, a little rate for a while, then a more aggressive tightening. But in fact, that's the volatility because no one knows the future.