00:00The plain fact is that inflation is too high and has been for too long.
00:06Inflation risks are to the upside, while labor risks are roughly balanced.
00:11This won't surprise you. I'm not in the forward guidance business.
00:14I've got nothing for you on a discussion with the president.
00:18Trends matter. Data points are noisy.
00:22Data point dependence is a dangerous preoccupation.
00:26It's not something that concerns me.
00:29Independence of the Federal Reserve is about staying in our lane.
00:32We care very much about what's happening in artificial intelligence.
00:37The economy has indeed strengthened.
00:41Underlying growth is higher.
00:45Inflation is the problem.
00:46And we don't do that.
00:47Inflation starts.
00:47According to all of this school,
00:49we are smaller than 10% 플러ровoc.
00:49You
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