 And so, actually, if you go back to the last PCE read, year-on-year 2.6%, it's kind of starting to get down in that range. The Fed chief also noted that the Fed has a, quote, good ways to go on the balance sheet runoff. He reiterated that regulators are close to capital rule changes. And speaking of inflation, that makes tomorrow's report on consumer prices all that more important. Economist surveyed by Bloomberg anticipate another tame reading. Here's Bloomberg's Vinny Del Giudice.