George Pearkes: Goolsbee was dovish earlier and the Chair is following suit. *POWELL: PRICES NOW SHOW SIGNS OF RESUMING DISINFLATION TREND *POWELL: LAST INFLATION READING SUGGESTS DISINFLATION PATH but... *POWELL: WANT TO SEE MORE DATA LIKE WE'VE BEEN SEEING RECENTLY

Goolsbee was dovish earlier and the Chair is following suit. *POWELL: PRICES NOW SHOW SIGNS OF RESUMING DISINFLATION TREND *POWELL: LAST INFLATION READING SUGGESTS DISINFLATION PATH but... *POWELL: WANT TO SEE MORE DATA LIKE WE'VE BEEN SEEING RECENTLY

Steering is laggy. Gotta turn the wheel BEFORE the iceberg.

Looks like the market is ignoring the last bit

yeah given the bear-steepening of the last few days I think that's reasonable, we're really extended

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