Comments from Cook:
- Sees growth slowing, inflation progress to stall on tariffs
- Sees more emphasis on upside inflation risks
- Appropriate to maintain current policy for now while watching data
- Now is time for Fed to be patient but attentive
- Fed policy is well positioned to respond to changes in the economy
There is a hawkish bent to these comments. I fear the same from Powell.
This article was written by Adam Button at www.forexlive.com.