Columbia Thread Needle Global Rate Strategist Ed Al-Husaini shares his expectations for monetary policy in the year ahead on Bloomberg Television. Here's what he had to say about whether strong retail sales in a resilient labor market could spell a soft landing. I think it's really too early to tell and I think on this front I would really take Powell at his word. The best way to predict the future is in some ways to manufacture it and so the Fed is trying to manufacture the soft landing really through a two stage process. One, easing monetary policy first to reflect the slowdown in inflation and then two potentially easing policy to reflect upside risks to unemployment. That's really a story for I think the second half of next year.