Well I'll have to give Shep a call and see if he was mistaken...
Interest rates have risen steadily for over 2 years...Yesterday they stopped...
Nonetheless, the Committee judges that some inflation risks remain
An astute fella such as yourself would recognize, it would seem, that by that statement one could deduce that an inflation risk has been there for some time...And that risk hasn't stopped the interest rate from climbing...
Now however, the same inflation risk has become an issue...Maybe the Fed is trying to sugar coat it for you...
I understand now, you were listening to a talking head while I was listening to the Federal Reserve.
...And that risk hasn't stopped the interest rate from climbing...
The risk of inflation causes interest rates to rise, silly.