Fed's Powell: FOMC Forecast of Low Unemployment, Low Inflation Isn't Too Good to Be True

Market news

3 October 2018

Fed's Powell: FOMC Forecast of Low Unemployment, Low Inflation Isn't Too Good to Be True

FOMC Forecast Reflects 'Very Flat' Phillips Curve, Low Inflation Expectations
Effect of Tight Labor Markets on Inflation Has Greatly Reduced in Recent Decades
A Main Task of Monetary Policy Is to Anchor Inflation Expectations
Don't Think Phillips Curve Is Dead, or That It Will Soon Exact Revenge

Fed's Powell: Recent Pickup in Wages Is 'Quite Welcome,' Doesn't Indicate Overheating

The euro has climbed to session highs in Asia after the Italian newspaper Corriere reported the country is seeking to cut its budget deficit to 2% of GDP in 2021

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