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FOMC Participants Expect Supply & Demand To Come Into Better Balance Over Time

FED
  • Powell continues by saying "activity has continued to expand at a modest pace... Committee participants expect subdued growth to continue in our SEP... the labor market remains very tight...some signs that supply and demand in the labor market are coming into better balance..."
  • "FOMC participants expect supply and demand conditions to come into better balance over time, easing upward pressures on inflation... inflation has moderated somewhat since the middle of last year...nonetheless getting inflation back down to 2% has a long way to go...despite longer-term inflation expectations appear to remain well-anchored..."

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