- Inflation well above target, labor market very tight
- Some indications of future business defaults are elevated
- Financial conditions have tightened since January
- Will adjust pace of balance sheet contraction if needed
- Outlook for Fed funds rate subject to ‘considerable uncertainty’
This is a preview of what Powell will be saying in his June 22 Humphrey Hawkins testimony.
This article was written by Adam Button at www.forexlive.com. Source