Federal Reserve uses PCE inflation as objective measure, may reconsider strategy next January.

When you talk about the 2% inflation target, what measure are you relying on? So I'll give two answers first. Let me give the proper standard answer. The Federal Reserve, every January, outlines a statement of purposes and strategy. And in that strategy document, which I believe was dated January of this year, it describes a measure of PC inflation as the objective function there. I have enough of my, so that's our number, we're sticking with it. Who knows, come after next January, what we might say about strategy, I suspect the task forces might have something to add.