US inflation has remained above the Fed's 2% target for over five years and is currently above 3%.

There is now over a 90% chance of rate hikes tomorrow.

“I think rate hikes are coming. I think it's now over 90% chance that we're going to have rate hikes tomorrow.”

Inflation has not been at the Fed's 2% target for over five years.

“Okay, it's not and it hasn't been for over five years.”