- Growth is slowing but economic fundamentals are relatively solid.
- We cannot wait for all on the uncertainty to be behind us.
- Have to look at the whole picture and not focus too much on 1 or 2 specific indicators.
- the number 1 concern is the inflation picture but she is of course looking out on the employment side as well
- Upside risk to inflation, downside risk to employment.
- They are anticipating into the next quarter and into next year that inflation will remain elevated.
- Does not rule out a larger impact from tariffs on inflation
- Not a done deal terms of what we do at next meeting.
- The risks on both sides of the mandate have into rough balance.
- She is not that worried about inflation expectations moving up.
- Policy is moderately restrictive which is appropriate.
- She is laser focused on the data.
- Repeats that the underlined fundamentals are still quite healthy
The comments are probably not far from what we might expect from Fed Chair Powe;;
US equities are trading higher in premarket:
- Dow industrial average at 150 point.
- S&P up 14.58 points (S&P is on its largest losing streak since January 2)
- NASDAQ index is up 32.6 point
This article was written by Greg Michalowski at investinglive.com.