This article focuses heavily on the role that inflation expectations play in the decisions made by the FOMC regarding monetary policy. It extensively discusses the importance of economic projections in the Fed's decisions. Currently, a large point of contention among the committee is projections concerning the risk of a recession beginning in late 2024/early 2025 if the Fed is not to cut rates soon. Rates have already been higher for longer than previous economic projections assumed them to be. Earlier in the year, Chair Powell claimed that the committee was on track to cut rates near midyear 2024, but since then, January and February inflation numbers came in significantly hotter than the Fed had initially projected. Now, the Fed is focusing in on the question of whether the reports near at the beginning of the year were flukes, or if the 6-month trend of falling inflation was, itself, the fluke. This article draws importance to the role that economic projections play in monetary policymaking. Inflation has been sticky, and the road to 2% inflation is beginning to become a very bumpy road [see GIF below], so projections in the near future will play a huge role in the Fed's goal of keeping the economy out of a recession near year's end.