Jerome Powell, head of Fed, said:
• Political violence is unacceptable in our country, good thing D.Trump's injury is not serious.
• Inflation actually showed a serious decline in Q2.
• The US labor market has cooled.
• Q2 inflation reports will boost Fed chairmen's confidence in the trajectory of inflation towards the target.
• Inflation down, now the Fed can consider the second part of the mandate (labor market).
• I will not be signalling a rate cut at any particular meeting today.
• If the Fed had only eased the MPC when inflation reached 2% - the wait would have been too long.
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