a little bit of inflation could be a really good thing, but not too much of it.

It's risky just to sit back and wait for inflation to show up before we do something, ... One point arguing for monetary restraint is that we seem to have reached a stage where inflation is no longer falling.

With higher inflation still a tangible threat, officials cannot rule out the possible need to move beyond neutral.

This is a little bit like getting a bigger-than-expected package in a much prettier wrapping and huge bow, but you open it up and it's exactly what you thought you were going to get.

The problem, ... is that the markets have fallen sharply and they've fallen because all these financial shenanigans are coming unraveled.

My view is the previous months were the aberrant month, and June makes more sense.