But he also said that financial conditions are "probably still somewhat accommodative".     So which is it?     To quote ...

A fiscal adjustment strategy may, in principle, require either a more restrictive or expansionary fiscal policy stance. Large structural deficits, rising government debt, and the need to address ...

The Federal Reserve continues to hold interest rates where they are in January, with Fed Chair Jerome Powell later commenting ...

However, this projection depends on the effectiveness of monetary policy measures and implementation of supportive fiscal policies ... Achieving a sufficiently restrictive monetary position ...

and easy fiscal policy lift inflation this year. But like the Fed, these economists are giving themselves some breathing room. “We believe monetary policy is only slightly restrictive ...