*FED CHAIR POWELL*
• THE UNEMPLOYMENT RATE IS LOW AND STEADY. THE LABOR MARKET IS SOLID AND NOT A SOURCE OF INFLATIONARY PRESSURES.
• WE DO NOT NEED TO BE IN A HURRY TO ADJUST POLICY.
• POLICY IS WELL-POSITIONED TO DEAL WITH RISKS AND UNCERTAINTIES.
• WE CAN MAINTAIN POLICY RESTRAINT FOR LONGER IF THE ECONOMY REMAINS STRONG AND INFLATION DOES NOT MOVE TOWARD 2%.
• WE CAN EASE POLICY IF THE LABOUR MARKET UNEXPECTEDLY WEAKENS OR INFLATION FALLS MORE QUICKLY THAN EXPECTED.
• THE US ECONOMY IS STRONG OVERALL, INFLATION IS CLOSER TO THE 2% GOAL BUT STILL SOMEWHAT ELEVATED.
• FED'S FRAMEWORK REVIEW WILL NOT INCLUDE A FOCUS ON INFLATION TARGET, WHICH WILL REMAIN 2%
• FED WILL WRAP UP FRAMEWORK REVIEW BY LATE SUMMER
(US DOLLAR LITTLE CHANGED AFTER COMMENTS FROM FED'S POWELL, US TREASURY YIELDS HOLDS GAINS AFETR FED'S POWELL'S REMARKS)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
