Fed's Powell discusses mon pol framework, doesn't touch upon the outlook for charges

• April PCE will likely come in around 2.2% y/y
• Officials agree that strategic language around both short falls of employment and average inflation need to be reconsidered
• Framework needs to be robust
• Revisions to Fed communication are also being considered

There’s nothing to take away here for markets, at least in the short term.

This article was written by Adam Button at www.forexlive.com.