Speaking about monetary policy and the economic outlook
- Current monetary policy stance generally appropriate
- Monetary policy not on a pre-set course
- Other labor market indicators have been more positive
- believe we are now close to elimination labor market slack
- cautiously optimistic overseas headwinds are now fading
- global risk require continued detention
- current monetary policy is modestly accommodative
- good reasons to expect further progress on phase goals
- need to watch labor markets developments carefully
- jobs data showed wage growth may finally be picking up
- China faces considerable challenges as it renounces
- Brexit vote to leave may have significant repercussions
- Says she sees economic positives outweigh negatives
The headlines initially sent the EURUSD to the downside/the USDJPY higher. Those losses have been recovered. She did omit the time period for the next rate hike, although she was also less downbeat than expected about recent employment.
