She spoke earlier today
- Did not dissent at March FOMC is Q1 data limited.
- Fed is not behind tightening curve though there are risks in waiting
- Slightly downgraded rate hike path since December.
- Now expects bit slower US growth of 2.25 - 2.5% in 2016
- Slightly lower long term neutral rates.
- Economy has shown considerable resilience.
- Expects continued inflation rebound and wage gains
- Can expect dollar to remain strong due to US growth
- Was reasonable case at March FOMC to wait for more data
- Forestalling hikes for too long risks volatility later
- Sees inflation rising gradually to Feds 2% goal
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.