- Unemployment rate remains low and has stayed in a narrow range
- Labor market is not a source of inflation
- Conditions are broadly in balance
- Inflation has been running somewhat above goal
- Inflationary effects of tariffs could be one-time or 'more persistent'
- Our obligation is to prevent a one-time increase becoming a longer term problem
- Projections are not a plan, and subject to uncertainty
There were minimal moves in FX as he spoke in his opening statement.
