Fed's Powell discusses mon pol framework, doesn't comment on the outlook for rates ...Middle East

April PCE will likely come in around 2.2% y/yOfficials agree that strategic language around both short falls of employment and average inflation need to be reconsideredFramework needs to be robustRevisions to Fed communication are also being considered

There's nothing to take away here for markets, at least in the short term.

This article was written by Adam Button at www.forexlive.com.

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