"So the language that we used in the statement is 'considerable period.' So I, you know, this is the kind of term it's hard to define. But, you know, probably means something on the order of around six months, that type of thing."
What sort of inflationary pressures have been built into the system as a result of a fully formed Hump #3 having grown along side still-ZIRPed monetary policy?
Does this have inflationary or deflationary implications?