On Friday Powell is likely to highlight inflation progress, allows focus on employment ...Middle East

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On Friday Powell is likely to highlight inflation progress, allows focus on employment
ING's chief international economist James Knightley spoke with news wire Dow Jones / Market Watch:Powell is likely to highlight that inflation is moving in the right directionGiving the Fed more confidence that it will reach its 2% targetPowell might signal that the slowdown in inflation allows the central bank to focus more on its other mandate, which is maximizing employment"I suspect that he will say something along the lines that, given the deterioration in the unemployment rate, it may make sense that we do start to cut rates a bit sooner""The Fed would have to acknowledge that the labor market hasn't been as good as perhaps the official data has been suggesting,""Again, this is a justi

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