If there are large spending increases, yes, that could start to get in the way of getting inflation back down to target in the timeline we've laid out. Not all spending has the same effects on inflation, so we'd have to look at exactly what the spending is. Spending that really stimulates demand at a time when we're trying to let supply catch up with demand and relieve inflationary pressures would be particularly problematic.
On February 1st, 2024. See this statement in context.