Annmarie Hordern

Bloomberg Audio Studios Podcasts, radio, news.

You have GDP 2.6% roughly over the next few years.

Are you saying that the appropriate growth rate is something like that 2% and 2.6% and not necessarily 3% or above?

There's also a question about the reaction function.

We've been talking about the data that we're going to be getting tomorrow.

What would you have to see to change your view?

I mean, if we saw, let's say, the unemployment rate go down to 4.4%, would you start to question whether 150 basis points of cuts is really necessary this year?

So are you saying this is all an inflation issue and not anything to do with the labor market?

Just to hone in a little bit on the housing aspect, since that has been a really hot topic, how much signal would you take if you did start cutting more aggressively at the Federal Reserve and 10-year yields rose, and that actually created an issue for mortgage rates and the pass-through there?

It might actually help with the disinflation, but it might not exactly be the outcome that you're looking for.