Federal Reserve Vice Chair Philip Jefferson:
- need to look at the totality of the net effect of the Trump administration’s influence on policy goals
- happy to keep policy at the current level of restrictiveness until there is a better sense of the totality of impacts
- even if the rate was 100bp lower it’d still be restrictive
- this allows us to be patient and wait to see the net effect of policy changes
This article was written by Eamonn Sheridan at www.forexlive.com. Source