WSJ: Fed Officials May Not Be Concerned About Hawkish Shift Impact

A couple of choice quotes from the today's WSJ preview of the FOMC meeting making the rounds as potentially sending a signal that we'll get a more hawkish-than-expected outcome today:

• "That inflation rate [May's], the highest since 2008, makes the Fed uncomfortable, even if officials believe it reflects mostly temporary factors that should fade later this year."
• And, buried at the very end of the article: "Fed officials indicated before the blackout period that they believed the labor market still needed central-bank support. But they also realize that the U.S. economy, powered by trillions of dollars of fiscal stimulus, currently has too much momentum to be knocked off course by the temporary market turmoil that an earlier-than-expected Fed policy shift would spark."
• This viewpoint - that a hawkish shift wouldn't do much to derail the recovery - doesn't appear to have been communicated much (if at all) by FOMC participants in the inter-meeting period.