Dudders popping up in New York • We're pretty close to both of the Fed's objectives • We may have an inflation problem if you push unemployment much lower The last comment is almost at odds with what he's been saying recently about there not being a problem with inflation. Maybe my thoughts on the speed of these hikes holds some water? I doubt the Fed will risk jobs growth just to fight inflation. • The economy can absorb the current rate path • Economy will be able to adjust just fine • Rate rise we've had in place is extraordinarily gradual • Fed wants to make policy a little less accommodative • We are seeking a ... (full story)