- Inflation is far too high
- Recession is unlikely to bring down inflation significantly
- Interest rates are, and will remain, main tool for adjusting our policy stance
She is just reaffirming the ongoing narrative and it is more of the case that they will keep saying so for as long as they can get away with it. But the headline remark in itself is already a step down from the previous communique of 'hiking rates over the next several meetings'.
