Fed’s Powell: My own forecasts are similar to the committee’s forecasts

  • We expect the labor market to gradually cool
  • Also expect inflation to move down this year
  • Repeats that strong majority of committee believes two more rate hikes before year end
  • Decisions last week was to move more slowly
  • Will do what it takes to get inflation down to 2% over time

There’s nothing new here.

This article was written by Adam Button at www.forexlive.com. Source