We just watched the FOMC Press Conference

We just watched the FOMC Press Conference

We just watched FED Chair Yellen speech in the press conference

FED Chair Yellen;

  • Inflation expected to stay somewhat below 2%, near term.
  • It is monitoring inflation devepments closely.
  • Fed expect job market to strengthen somewhat further.
  • Core inflation has edged lower.
  • Inflation effects some one-off price reductions.
  • FOMC expects inflation to move up, stabilize around 2%.
  • Can not say what longer term of asset will be.
  • Decisions on long-run plan not needed for some time.
  • Hike reflected progress in economy.
  • We will normalize balance sheet ones its appropriate.
  • Have taken rate of several weak core inflation reading..
  • Important not to overread to a few inflation reading.
  • Conditions in place for inflation to move up.
  • Economy has continued to make progress toward our goals.
  • Household, business sentiment remains quite strong.
  • Unemployment modestly below median long run level.
  • Do not think regulations have impeded credit, economic growth.
  • Balance sheet unwind will be like watching paint dry.
  • Could put balance sheet plan in effect relatively soon.

14 Jun 17 (Wed)

07:40 pm



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