Fed mon pol report: Bringing inflation down will require period of below-trend growth

  • 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