“There is a good chance that when things settle down, we’ll be back to a more normal equilibrium."

Aug 23, 2023

“The big moves in inflation are primarily global shocks. ... What the Fed has done has also contributed, without a doubt.”

Aug 13, 2023

“The big moves in inflation are primarily global shocks. What the Fed has done has also contributed, without a doubt.”

Aug 13, 2023

"Big picture: We are making progress, but the progress is slower than expected. Inflation is somewhat more stubborn than we had hoped."

Jun 21, 2023