- Fed funds rate currently appears restrictive, financial conditions have tightened since Sept
- Some tightening is due to long end, which can be volatile
- Don’t yet know effects of tightened financial conditions on economic activity
- I remain willing to support raising policy rate at future meeting
- Inflation remains high
- Labor market supply and demand may be coming into better balance
The hawks are out today.
This article was written by Adam Button at www.forexlive.com. Source