Powell: Not going to rule in or rule out any particular meeting. Officials will “be monitoring, particularly, what does show up in terms of inflation or what does not show up."
On the labor market: “We watch very carefully for signs of unexpected weakness.”
Powell dodges on July: “I wouldn’t take any meeting off the table or put it directly on the table."
(Context: one year ago, officials cut rates by 50 in September owing to some regret that they had passed on July. There's still the June payroll & inflation report for June.)
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