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

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

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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