Inflation is too high

We still have a ways to go on inflation

Pathway to 2% inflation will be slower than people expect, and bumpy

Inflation is going where we want it to go, but it's slow

I'm comfortable being patient

I'm not in a mad dash hurry to get there

If we can keep jobs, wages going and inflation is moving to target, we can stay where we are on rates

I don't have a recession in my outlook

We don't be able to reduce rates until towards end of the year

I think the economy will continue to grow as we get both mandates back in line