US Fed's Jerome Powell speaking at WSJ event 23 June 2015 • We are coming off a good two years of growth • Wants to see further tightening of the labour market • Wants to see inflation stabilising further • Wants to see these tests being satisfied around about September • Strong dollar is weighing on growth and exports • That headwind will continue • If sees stronger growth and the economy reaches his other goals September would be his ideal lift off • Pace of rate rise will be gradual, pace is dependant on the path of the economy • Won't fall back into mechanical raising of rates but will be more responsive to data (full story)