• Job market is outstanding. It’s getting back to a balanced, sustained level
• I feel like we’re on the golden path to ‘no recession and the inflation target’
• The supply of housing has been limited
• There’s a lag to monetary policy
• Inflation is down somewhat but needs to come down more
• The main reason why inflation has been more persistent is that goods inflation has not come down as much as we thought. Let’s keep our eye on that over the next few months