Is cautiously optimistic about growthFed has been able to get inflation down without a major disruptionInflation retreat has been broad-basedFed funds rate is a long way from where it’s likely to settle3% rate may be around neutralNeutral rate is higher than what it once wasLack of dissents don’t mean Fed officials fully agreeInflation points are likely to cause more dissents
The bolded is a strong hint that cuts are on autopilot.
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If forecast met, she sees one or two rate cuts this year
This comment surprises me because it validates fears about a Fed pause.
This article was written by Adam Button at www.forexlive.com.
