I mean... since he's free to speak his mind during this Brookings speech, he's basically just going to stomp on any hope of below 5% terminal rate like I called last month.

He'll point to continued increase in GDP. Tight labor markets. Markets still hoping in the wrong direction. He might even hint that since GDP increased and looks like consumer spending increased for Q4, inflation is probably higher so 75 bps could still be possible. That things can slow after this DEC meeting since even housing is picking back up. No more midterms to worry about and politicians won't give a shit anymore and will just let the man do his job.