Is the Fed Going to a Terminal Rate More Than Four and a Half %?

Powell has screwed up so many times it's actually amazing that bidin is as has kept him on. I wonder if a fresh set of eyes walked in here, they would be talking about finishing the year fed fons weight, four and a half%. So i can't tell you what they're going to do, what they need to do. But there are 400 ph ds in that building, and for some reason, a year ago at this time, they didn't think they'd hike rates at all. Now they think they'reGoing to a terminal rate more than 4 and a half %. We'll let the markets play it out.