Powell: Possibility inflation could be quite low going forward

Fed's Powell:

- We expect the current high inflation readings will begin to decline

- In inflation expectations increase, contrary to our base case, we will take steps to reduce them

— DailyFX Team Live (@DailyFXTeam) June 16, 2021

POWELL: BASE CASE IS CURRENT INFLATION IS DRIVEN BY REOPENING

— AceMarketU.com (@AceMarketU) June 16, 2021

Fed's Powell:

- Inflation will be higher by 2023, according to the Fed, due to high jobs

- For next year, we are looking at an economy that will not have the same degree of fiscal support

— DailyFX Team Live (@DailyFXTeam) June 16, 2021

Fed's Powell:

- 2022 will be a really good year, with substantial job development as a result of growth

- Forecasts show that next year will be a fantastic year

— DailyFX Team Live (@DailyFXTeam) June 16, 2021