• Beige book showed modest growth but not very fast.
  • Right now is unusual. Risks to employment is to the downside and inflation is to the upside.
  • Over the summer labor market has softened.
  • Focus on inflation needs to moderate to a more balanced approach
  • We will look at labor market, growth data, inflation data and ask if policy is in the right place.
  • If policy is not in the right place, we will move it there
Source: Investing Live