Fed's Goolsbee: It will take time for current inflation trends to show up in the data ...Middle East

Some part of April inflation represents lagged nature of dataFed is still very much holding its breathRight now is a time for the Fed to wait for more information, try to get past the noise in the dataCannot jump to conclusions about long-term trends given all the short-term volatility presentFed's task is to be a steady hand and not to respond to daily gyrations of stock market, policy pronouncements

His comments continue to reaffirm that the Fed is still very much in wait-and-see mode. And that will certainly continue to irk Trump, with his latest disdain towards Fed chair Powell coming yesterday here.

This article was written by Justin Low at www.forexlive.com.

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