- FOMC forward guidance no longer warranted
- Clear progress has been made on Fed’s goals
- Economy has improved significantly this year
- Inflation and jobless rate moved much closer to Fed goals
- Liftoff language may limit FOMC’s flexibility
- Says he opposed FOMC’s “considerable time” rate outlook
I’ve highlighted “moved” as if we are looking for any clues about todays data then saying “is moving” or “continues” would suggest that everything is ongoing. “moved” suggests a temporary stop to something but I’m probably reading too much into absolutely nothing.
