• Current rate fits with ‘solid’ jobs market and above-target inflation
• There is a lot of uncertainty in economy and policy right now
• Expects growth to slow in part due to lower immigration
• Economic data has been sending mixed signals
• Data shows that the public believes near-term inflation will dissipate
• Hard to know how economy is going to perform, many different paths possible

This doesn’t say much that Powell didn’t say.

This article was written by Adam Button at www.forexlive.com.