- Economic activity expanding at a solid pace
- Members are unanimous that this committee will deliver price stability
- The statement just gives you the facts
- Confirms that he didn't submit dot plot projections, but encouraged others to continue to do so
- Forward guidance not well suited to current environment
After saying the line about delivering price stability, he paused for effect. That's a strong signal and it's certainly hawkish.
Set up task forces on:
- Productivity
- Inflation framework
- Communications
- Data sources
- Jobs and Fed framework
- Balance sheet policy
- Task forces will be supported by staff and propose changes, including on the SEP
