Hawkish comments from a hawkish central banker
US far from the point where market drop brings a significant pullback in risk taking and spending
US economy doing 'very well' on inflation goal and 'very strong' labor market
US financial conditions still accommodative, sees no signs investors overly pessimistic
Expects business and consumer spending to remain robust, sees no strong housing pullback
Sees unemployment below 3.5% by end 2019
Nearing end of extraordinary policy, close to normal
Tariffs act like a tax, weighing on productivity
There's no sign of the Fed backing down to the President or to the equity markets. Note that these comments were out about an hour ahead of schedule.
