The topic of the speech was “Risks and uncertainty in Monetary Policy: Current and Past Considerations”.
- Eventually Fed will cut rates if inflation continues to ebb
- Policy is appropriately calibrated
- Inflation faces numerous upside risks
- Expects more declines in inflation amid strong economy
- Some jobs market vigour is tied to part-time workers and immigration
- Expects slower progress on inflation this year
- Inflation faces numerous upside risks
- While not likely, it is possible Fed may have to hike again to cool inflation
I thought she might be more hawkish but this isn’t really pushing back against the market or any different from what Powell has been saying.
This article was written by Adam Button at www.forexlive.com. Source