- How much we cut will be a question we continue to assess as more data comes in
- It’s not an answer we can give today
- It depends on whether it is from disinflation or rapid deterioration of the labor market
- Remains concerned about housing. Import and wages are still higher than productivity
- Have to see that continued progress on wage moderation
- We certainly need to be convinced that we are not going to put in danger all the great progress made on inflation
This article was written by Adam Button at www.forexlive.com. Source