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At the bottom of the statement. New fed vice chair for supervision Randal Quarles casting his first vote. It is all about who donald trump taps to be the new fed chair. If it is going to be governor howell,ell jay get might have made for interesting conversations. The latest word from the white house is we will get that decision tomorrow afternoon. We should mention that even if janet yellen is not renamed renominated, she is gone but not forgotten. She has two more meetings to preside over, december and january. Tom i have to go with a double prediction. Powell or taylor . Lets say it is Mich...

Acknowledge the decline in core inflation in march. The slowdown on Consumer Spending which they say rose only modestly, but supporting their view is a temporary cause, the statement notes the fundamentals underpinning the continued growth of consumption remain solid. And business fixed investment firm. What is not in the statement is any hint of future policy moves. And there is nothing on Balance Sheet policy. We go back to the idea of being data dependent if the fed is going to move in the future. It will have to be proven right about a transitory effect on the economy. All of us here in th...

Acknowledge the decline in core inflation in march. The slowdown on Consumer Spending which they say rose only modestly, but supporting their view is a temporary cause, the statement notes the fundamentals underpinning the continued growth of consumption remain solid. And business fixed investment firm. What is not in the statement is any hint of future policy moves. And there is nothing on Balance Sheet policy. We go back to the idea of being data dependent if the fed is going to move in the future. It will have to be proven right about a transitory effect on the economy. All of us here in th...

Acknowledge the decline in core inflation in march. The slowdown on Consumer Spending which they say rose only modestly, but supporting their view is a temporary cause, the statement notes the fundamentals underpinning the continued growth of consumption remain solid. And business fixed investment firm. What is not in the statement is any hint of future policy moves. And there is nothing on Balance Sheet policy. We go back to the idea of being data dependent if the fed is going to move in the future. It will have to be proven right about a transitory effect on the economy. All of us here in th...

Declined and is running below 2 . The forecast link which hasnt changed. Inflation is expected to remain somewhat below 2 within the near term, but it will, according to the statement, stabilize around the 2 objective over the medium term. He continues to strengthen in the labor markets, but june joby john gains, it has been stronger. Basically, this leaves investors with what they were thinking, a Balance Sheets move in september and a great move, if it occurs, push off until perhaps december. Tom certainly some reaction in the market with the vix showing it bounced down under nine. The essen...