," jayt: "what'd you miss?
powell says he sees no evidence
of overheating in the u.s.
economy.
our next guest says the fed is
shifting its focus.
he is a professor at the
university of oregon on he is a
professor at the university of
oregon.
people were saying the debate is
be threet is going to
hikes versus four hikes.
you are saying it is a bigger
shift.
the fed views the economy in a
danger zone for inflationary
pressure.
what did you hear from him or
see from the federal reserve
that convinces you up this?
>> the big shift was in the
testimony when the testimony
shifted from concerns about
achieving full employment,
sustaining full employment and
now when this latest version, a
avoiding between
overheating and maintaining that
2% inflation target.
it was that shift that became
something i.t. didn't to -- i
a change in focus