But inflation remains high. • Recent data suggests we're on the right track. • We need greater confidence in seeing inflation return to target in a reasonable timeframe. • Risks to the outlook are finely balanced. • It is too soon to rule anything in or out. • We have changed language on guidance based on data. • Not confident enough to say that we can rule out certain interest changes. • But we are on the path to achieving goals set out on the inflation front. Her tone during the Q&A part on the forward guidance change is the most telling here. She stuttered a bit in trying not to explicitly mention that they are ... (full story)