The ultimate price, from the perspective of the dual mandate, would be an unanchoring of inflation expectations. Of course, I view this more as a risk than my baseline expectation. As I have said, I am optimistic about potential growth, and I expect that even relatively strong growth can be met without running into economic constraints.
The third point is that the further progress in lowering unemployment and having inflation return to the midpoint of the target zone is expected to be only gradual. It is still some time before we are likely to be at conventional estimates of full employment.