Fed's Miran is speaking and says:

  • Growth in the 1st half of the year was slower than expected amid uncertainty.
  • A lot of uncertainty on economy has lifted.
  • There are reasons to be more optimistic going forward on uncertainty lifting.
  • If economy does well it doesn't have firm implications for monetary policy.
  • Restrictive monetary policy has risks.
  • There are risks if monetary policy is an adjusted.
  • Monetary policy should be forward-looking giving lags on policy impact.
  • Is more sanguine on inflation than others.
Source: Investing Live