andrew ackerman with "the washington post". i'm wondering if you could talk about what further progress could look like for consumers? >> well, 2% inflation down to 2% sustainably is what we're trying to achieve. you know, we're somewhat above that, as you know, and we want to see, you know, serial readings that suggest that we're making further progress on inflation. that's what we want to see. and consumers will pick that up, of course, in the things that they buy at the grocery store, at the store. >> the other thing i wanted to ask, how far away you think you are from neutral? >> yeah, you can't know with any precision, of course, as i like to say that you know the neutral rate by its work, so, at 4.3% we're above pretty much everyone on the committee's estimates of a longer run neutral. i think our eyes are telling us that our policy is having the effects on the economy. that's really the question we ask. you know, you can consult models, empirical models, theoretically models and you have to look out the window and see ho

andrew ackerman with the washington post.could talk more about what further progress would look like for consumers? >> well, 2% inflation down to 2% sustainably is what we're trying to achieve. you know, we're somewhat above that, as you know, and, you know, or we want to see, you know, serial readings that suggest that we're making further progress on inflation. that's what we want to see. and consumers will pick that up, of course, in the things that they buy at the brosly store, at the store -- grocery store, at the store. >> reporter: the other thing i wanted to ask is how far you think you are away from neutral. >> yeah. you can't know with any if precision, of course. as i like to say, you know the neutral rate by its works. so i think, you know, at 4.3 we're above pretty much everyone on the chief's estimates of the -- committee's the estimates of the longer run neutral. i think our eyes are telling us that our policy is i think our eyes are telling us the policy is having the effect on the economy. you can consult mod

andrew ackerman with the washington post.ng if you could. >> talk more about. >> what further progress. >> would look. >> like for consumers. >> well, 2% inflation down to inflation, down to 2% sustainably is what we're trying to achieve. you know, we're we're somewhat above that, as you know. and you know we want to see, you know, cereal readings that suggest that we're making further progress on inflation. that's what we want to see. and consumers will will will pick that up, of course, in the things that they buy at the grocery store, at the store. >> the other thing i. >> wanted to ask was just. >> how. >> far away you think. >> you are from neutral. >> yeah. you can't know with any precision, of course, as i like to say that you know, that you know, the neutral rate by its works. so i think, you know, at 4.3%, we're, we're above pretty much everyone on the committee's estimates of the longer run neutral. i think our eyes are telling us that our policy is having the effects on the economy. that's really the question we as