Answering questions
- Some inflation is dependent on the USD
- Inflation dynammics are not clear right now; still in wait and see mode
- We might see inflation firming, we might not
- Glad to see inflation firming, not clear it will hit 2%
- seeing wage pressure in high-low skill jobs, but middle skilled jobs are not due to technology
- continued drop in the dollar will tend to kick up inflation
- financial conditions are still highly accommodative
- Powell does not want big change in removing accommodation.
