The Unemployment Rate is a bit lower, and inflation is essentially unchanged. Mario draghi the strong cyclical momentum in the significant reduction of economics gives grounds for greater confidence that inflation will converge towards our inflation aim. Yellen i want to see it move up to 2 . Most of my colleagues and i do believe it is being held down by transitory factors, but there is work undone there. Draghi an ample degree of monetary stimulus therefore remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments over the mediumterm. Jonathan joining me today from j. P. Morgan Asset Management is bob michael, the global head of fixed income. Lisa coleman, the firms global head of Investment Grade corporate credit. Great to have you with us on the program. It is your turn to grill me. Bob dont you worry about that. Jonathan lets talk about goldilocks growth next year. We have experienced this for so long. Highgrowth, low
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