Ellen Hazen, chief market strategist at F.L. PUTNAM Investment Management, said the key question is that a lot of the policies that have been announced are likely to cause inflation. The question for Powell at the press conference will be whether to start focusing on policy rather than data so they don't fall behind the curve, especially given that there have been problems with ignoring fiscal policy in 2021-2022 that could cause inflation to be unexpectedly high before they have to step in. If ...