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So it's Federal Reserve Decision Day without a news conference, which typically means

go to lunch and don't expect much, but officials have a tricky problem to navigate at this

week's meeting. How to describe inflation that has just

bounced back to their elusive 2% target. We're joined now by Alan Ruskin, Deutsche Bank Global

Cohead of G10 FX strategy.

And always great to catch up with you, sir.

So thank you for coming on the program.

Oh, my pleasure.

Help me understand how they're going to navigate that problem.

How do they describe inflation now it's back at Target pretty much?

I think, you know, it's a relatively easy job

...