I think it would depend a lot on what else is going on in the economy. If we're back in our range.... This is why it's important to stay in the range, as the governor said. Whether it's oil or some other sort of shock that's happening to the economy that isn't a more generalized increase in prices.... That's the sort of inflation that we get concerned about: when it's a generalized increase in prices.
On October 29th, 2024. See this statement in context.