Speech at the ECC in Chicago on 06.04.2018
- Many indicators point to labor market being close to full employment; a few others suggest some slack left
- Moderate wage gains show job market is not excessively tight
- Risks to economic outlook are roughly balanced
- Does not mention trade issues in economic outlook
- 12 month inflation readings should move up notably this spring-
- Gradual hike approach has reduced risk for economy; patient approach has paid dividends
- Balance Sheet Reduction Is Going Smoothly And Will Gradually Tighten Financial Conditions
- Fed’s Gradual Rate Hike Approach Has Reduced Risks For The Economy
- The link to the speech
There will be a Q&A coming up after lecture of his speech. In the meantime the market remains calm and collected, it’s a pretty lengthy speech , digestion needed
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